For 1993-1994, the average cost of tuition and fees at public four-year universities was $2341 for full-time in-state students. twenty years later, it had increased 330%. to the nearest dollar, what was the approximate cost for 2013-2014?

To solve this problem, we must take note of the word “increased by 330%”, this means that to get the amount of increase, we multiply the original value with the percentage increase. We know that 330% in percentage is 3.30 in fractional value; therefore we multiply the original tuition with that, so:

Amount of increase = $2,341 * 3.30

Amount of increase = $7,725.30

However this is not yet the final answer because we still have to add the original value into this increase value, therefore the approximate tuition for 2013-2014 is:

Tuition = $7,725.30 + $2,341

Tuition = $10,066.30

$10,066.30

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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