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  3. 265the cost of tuition at a certain public uni versity...

Question: 265the cost of tuition at a certain public uni versity...

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2.65The cost of tuition at a certain public uni versity was $160 per credit-hour 5 years ago. The cost today (exactly 5 years later) is $235. The annual rate of increase is closest to (a) 4% (b) 6% (c) 8% (d) 10%

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