Applications of Exponential and Logarithmic Functions

The cost of tuition for at four-year public universities has been increasing roughly exponentially for the past 5 years. In 1996, the average cost of tuition was $2,975 per year. By 1997, the figure had risen to $3,211. A. Find the growth factor, b, and explain what it tells you about tuition increases. B. ................
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