Multiple Choice
In 1958 the average tuition for one year at a private school was R1,800.Thirty years later, in 1988, the average cost was R13,700.What was the growth rate in tuition over the 30-year period?
A) 12%
B) 9%
C) 6%
D) 7%
E) 8%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: An annuity is a series of equal
Q24: In its first year of operations, 1999,
Q26: You have a 30-year mortgage with a
Q27: You will receive a R100 annual perpetuity,
Q30: Vegit Corporation needs to borrow funds to
Q31: Your father, who is 60, plans to
Q34: Steaks Galore needs to arrange financing for
Q35: Bank A offers a 2-year certificate of
Q64: As the discount rate increases without limit,
Q112: At an effective annual interest rate of