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QUESTION

A tuition at Rutgers University was $38,148 in 1995. In 2002, the tuition was $42,727. a)Assuming tuition is increasing at an exponential rate, write a function f(y) representing the cost of tuitio

A tuition at Rutgers University was $38,148 in 1995. In 2002, the tuition was $42,727.

a)Assuming tuition is increasing at an exponential rate, write a function f(y) representing the cost of tuition y years since 1995.

b)What is the growth rate per year?

c) What is the growth rate per decade?

d) write function f(d) representing the cost of tuition d decades since 1995.

e) if this trend were to continue, what should the tuition be in the year 2020?

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