College Costs The average annual cost of college at 4-yearprivate colleges was $30,094 in the 2013–2014 academicyear. This was a 3.8% increase from the previous year.(a) If the cost of college increases by 3.8% each year, whatwill be the average cost of college at a 4-year privatecollege for the 2033–2034 academic year?(b) College savings plans, such as a 529 plan, allow individualsto put money aside now to help pay for college later. If onesuch plan offers a rate of 2% compounded continuously,how much should be put in a college savings plan in 2015to pay for 1 year of the cost of college at a 4-year privatecollege for an incoming freshman in 2033?Source: The College Board
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
College Costs The average annual cost of college at 4-year
private colleges was $30,094 in the 2013–2014 academic
year. This was a 3.8% increase from the previous year.
(a) If the cost of college increases by 3.8% each year, what
will be the average cost of college at a 4-year private
college for the 2033–2034 academic year?
(b) College savings plans, such as a 529 plan, allow individuals
to put money aside now to help pay for college later. If one
such plan offers a rate of 2% compounded continuously,
how much should be put in a college savings plan in 2015
to pay for 1 year of the cost of college at a 4-year private
college for an incoming freshman in 2033?
Source: The College Board
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