Question

Tuition at a local community collage was $2484 in 1996 and $2948 in 1998. Find the rate in which the tuition was increasing

Answer 1

make 2 coordinates:
1.) y=money
x=year
2.) 1st coord: (1996, 2484)
3.) 2nd coord: (1998, 2948)

Answer 2

Now use slope formula.

Answer 3

Let us suppose: 1st term = $2484
2nd term = $2948
the difference = $ 464
n =2

So the increment rate is 464/2 i.e. $232 per year.

Answer 4

perfect thank you i did the slope formula just wanted to make sure i did it correctly

Answer 5

you are welcomed!