A college student wishes to compare tuition fee increases during the period 2000 to 2015 to the

Question:

A college student wishes to compare tuition fee increases during the period 2000 to 2015 to the general increase in the cost of living. Tuition increased from $225 per course in the 2000101 academic year to $375 per course in the 2014/15 academic gear. The average CPI rose from 96.1 in 2000 to 127.1 in 2015. What would the tuition fee per course have been in the 2014/15 gear if tuition increases had merely kept pace with inflation during the 15 gears?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: