Question
A college student wishes to compare tuition fee increases during the period 1999 to 2009 to the general increase in the cost of living. Tuition increased from $350 per course in the 1999/2000 academic year to $495 per course in the 2009/10 academic year. The CPI rose from 92.9 in mid-1999 to 115.1 in mid-2009.
What would the tuition fee per course have been in the 2009/10 year if tuition increases had merely kept pace with inflation during the 10 years?
What would the tuition fee per course have been in the 2009/10 year if tuition increases had merely kept pace with inflation during the 10 years?