Mathematics, 14.09.2021 04:00 daisa02

The average price of tuition and fees at private 4-year colleges and universities increased from $8,500 in 1992 to $24,000 in 2008. Calculate the relative change in price from 1992 to 2008 and compare it to the overall rate of inflation as measured by the Consumer Price Index.

Average tuition and fees in private 4-year colleges and universities increased by %?

1992 CPI - 140.3
2008 CPI - 215.3

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