QuestionAugust 24, 2025

The average price of tuition and fees at public 4-year colleges and universities increased from 1,750 in 1996 to 6,600 in 2014. Calculate the relative change in price from 1996 to 2014 and compare it to the overall rate of inflation as measured by the Consumer Price Index (iii) Average tuition and fees in public 4-year colleges and universities increased by square % (Round to the nearest integer as needed.)

The average price of tuition and fees at public 4-year colleges and universities increased from 1,750 in 1996 to 6,600 in 2014. Calculate the relative change in price from 1996 to 2014 and compare it to the overall rate of inflation as measured by the Consumer Price Index (iii) Average tuition and fees in public 4-year colleges and universities increased by square % (Round to the nearest integer as needed.)
The average price of tuition and fees at public 4-year colleges and
universities increased from 1,750 in 1996 to 6,600 in 2014. Calculate the
relative change in price from 1996 to 2014 and compare it to the overall rate
of inflation as measured by the Consumer Price Index
(iii)
Average tuition and fees in public 4-year colleges and universities increased
by square % 
(Round to the nearest integer as needed.)

Solution
4.0(325 votes)

Answer

277\% Explanation 1. Calculate the absolute change The absolute change is 6,600 - 1,750 = 4,850. 2. Calculate the relative change percentage **Relative Change (%)** = \left(\frac{\text{Absolute Change}}{\text{Initial Value}}\right) \times 100 = \left(\frac{4,850}{1,750}\right) \times 100. 3. Perform the calculation \left(\frac{4,850}{1,750}\right) \times 100 = 277.14\%. 4. Round to the nearest integer Round 277.14\% to the nearest integer.

Explanation

1. Calculate the absolute change<br /> The absolute change is $6,600 - 1,750 = 4,850$.<br /><br />2. Calculate the relative change percentage<br /> **Relative Change (%)** = $\left(\frac{\text{Absolute Change}}{\text{Initial Value}}\right) \times 100 = \left(\frac{4,850}{1,750}\right) \times 100$.<br /><br />3. Perform the calculation<br /> $\left(\frac{4,850}{1,750}\right) \times 100 = 277.14\%$.<br /><br />4. Round to the nearest integer<br /> Round $277.14\%$ to the nearest integer.
Click to rate:

Similar Questions