Suppose that the cost of attending a certain four-year private college (tuition and fees) was $30,000 for the 2017-2018 academic year. The cost will increase 8.2% each academic year. For which academic year will the tuition and fees be approximately double what they were for 2017-2018?

a. The 2018-2019 academic year

b. The 2022-2023 academic year 

c. The 2026-2027 academic year

d. The 2030-2031 academic year

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To find the academic year in which the tuition and fees will be approximately double what they were ... View the full answer