Question: In 1995 the average tuition for one year at a 4-year institution was $4,500. Twenty five years later, in 2020, it had risen to $23,000.

In 1995 the average tuition for one year at a 4-year institution was $4,500. Twenty five years later, in 2020, it had risen to $23,000. What was the growth rate in tuition over this 25-year period? 7.02% 5.80% 6.13% 6.45% 6.74%

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