7) Tuition at a state university have increased from $14,000 to $18,500 in the last 5 years.

Question

a) What has been the average annual growth rate in expenses? b) If this growth rate continues, what will the expenses be 5 years from now?

Answer 1

If tuition increased $4,500 in last 5 years it shall (if linear) increase $4.500 in the next five years!