SOLUTION: during one year,the cost of tuition,room,and board at a state university increased 5%.

if the cost continues to increase at the rate of 5% per year,how long will it take for the cos Q: during one year,the cost of tuition,room,and board at a state university increased 5%.if the cost continues to increase at the rate of 5% per year,how long will it take for the cost of tuition,room,and board to double?round your answer to the nearest year. What you need to solve is for Now this is a rather complex calculation involving logarithms. But a much simpler way to do it is to approximate the answer using the rule of 72. The approximation will be close enough because you are rounding to the nearest year. Simply divide 72 by the interest rate in percent. 72 divided by 5 is 14.4. Rounded to the nearest year is 14. By the way, a much closer approximation, using logarithms, comes out to 14.21 -which also rounds to 14. Here is the log way to do it:

First let's find the slope of the line m = (y[2] - y[1])/(x[2] - x(1])

b is the y intercept. That is the point where the x value is 0. So for us We have what we need. Just plug it all in

Check the eqaution using the two points you know. At year 1980, x =0, so y = 1979. That is correct At year 1997, x = 17. So = close enough So for part A) (same equation, just use the variables the problem states. Finally, you are asked to estimate the cost in the year 2010. In 2010 = yeilds Plugging that into

Divide out the original cost, . Take the log of both sides (you can use base 10 or natural, it doesn't matter)

Use the laws of logs:

Now break out the calculator to discover that John ---------------------------------------------------------------------------------------------------------------Please answer this question: the average cost of tuition fees, room and board for 2 year institution increased from $1979 in 1980 to $4895 in 1997. A) find the linear function that will give average expense of a two year institution E, as a function of time, x, where x is defined to be the number of years since 1980. B) use the equation to predict the average expense associated with 2010. i tried to find the linear function but i got stuck i been here for hours and i could figure it out. i got E=17x+1979-4895 Let's do this. We'll setup a linear equation in the form y = mx +b that uses the given info. y is the cost of tuition x is the number of years after 1980 You are given : $1979 in 1980 to $4895 in 1997. So you know 2 points on the line. These points are {0, 1979) and (17, 4985). We find the x values as

----------------------------------------------------------------------------------------------------------------A tuition scale for a state university shows an increase of $1,300 each year. If the initial cost was $21,000, what will the cost of tuition be in twenty three years? Please explain how an arithmetic sequence was applied. Thank you! A tuition scale for a state university shows an increase of $1,300 each year. If the initial cost was $21,000, what will the cost of tuition be in twenty three years? ===================================== . If a sequence of values follows a pattern of adding a fixed amount from one term to the next, it is referred to as an arithmetic sequence. The number added to each term is constant (always the same). In your problem, the fixed amount is $1,300, the tuition increase. In arithmetic sequences, this is referred to as the common difference. . To find the nth term in an arithmetic sequence, we use the formula d = the common difference between each term in the series = $1,300 a[1] = the first term = $21,000 n = the number of terms we're interested in = 23 a[n] = the nth term; in this case, the 23rd term . First, we find the 23th term,

. In 23 years, the tuition will be $49,600. -----------------------------------------------------------------------------------------------------------------