Question: QUESTION 11 In 1990 the average tuition for one year at a 4-year institution was $3,500. Twenty years later, in 2010, it had risen to

QUESTION 11 In 1990 the average tuition for one year at

QUESTION 11 In 1990 the average tuition for one year at a 4-year institution was $3,500. Twenty years later, in 2010, it had risen to $21,200. What was the growth rate in tuition over this 20-year period? 13.7396 O 11.9296 O 10.5296 9.42% O 8.5396 QUESTION 12 You deposit $100 in an account that pays 6 percent annual interest, compounded quarterly. What will your deposit grow to in 3 years? O $119.56 $134.69 $ 170.91 O $ 192.53 $ 216.89

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