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viva902 viva902
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A year ago
Business students in an undergraduate program paid an average of $6525 in tuition fees for the 2024/2025 academic year compared to fees of $1464 for the 2000/2001 year. During the same period, the Consumer Price Index rose from 76.7 to 125.2.


a) What would have been the average tuition fees for the 2024/2025 year if tuition fees had grown just at the rate of inflation since the 2000/2001 year?
b) What was the (equivalent) compound annual rate of increase of tuition fees during the period? Round to the nearest 0.01%.
c) What was the (equivalent) compound annual rate of inflation during the period? Round to the nearest 0.01%.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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jay2013jay2013
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A year ago
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viva902 Author
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A year ago
Correct Slight Smile TY
kobbhy
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Yesterday
You make an excellent tutor!
nsak
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2 hours ago
Thanks
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