A college student wishes to compare tuition fee increases during the period 2008 to 2018 to the

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Question:

A college student wishes to compare tuition fee increases during the period 2008 to 2018 to the general increase in the cost of living. Tuition increased from $355 per course in the 2008/2009 academic year to $362 per course in the 2018/19 academic year. The CPI rose from 115.8 in mid-2008 to 134.3 in mid-2018. What would the tuition fee per course have been in the 2018/19 year if tuition increases had merely kept pace with inflation during the 10 years? (Round your answer to two decimal places.)