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Tuition at a university rose from $1,500/year in 1962 to $25,000/year in 2010. a. What exponential growth rate characterized that period of time?

Tuition at a university rose from $1,500/year in 1962 to $25,000/year in 2010. a. What exponential growth rate characterized that period of time?

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Tuition at a university rose from $1,500/year in 1962 to $25,000/year in 2010. a. What exponential growth rate characterized that period of time?
Transcribed Image Text:Tuition at a university rose from $1,500/year in 1962 to $25,000/year in 2010. a. What exponential growth rate characterized that period of time?
b. If that rate of growth were to continue until 2050 (when your children might be paying tuition), what would the tuition be?
Transcribed Image Text:b. If that rate of growth were to continue until 2050 (when your children might be paying tuition), what would the tuition be?
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