Use the CPI provided in the table below for the following question. Year CPI Year CPI 2002 100.0 2011 119.9 2003 102.8 2012 121.7 2004 104.7 2013 122.8 2005 107.0 2014 125.2 2006 109.1 2015 126.6 2007 111.5 2016 128.4 2008 114.1 2017 130.4 2009 114.4 2018 133.4 2010 116.5 The college tuition fee for the year 2007 was $4,800. What would the tuition fee be for the year 2015 if the tuition fee increased with the inflation rate during this period? Round to the nearest cent

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter34: Customary Micrometers
Section: Chapter Questions
Problem 67A
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Use the CPI provided in the table below for the following question.
Year
CPI
Year
CPI
2002
100.0
2011
119.9
2003
102.8
2012
121.7
2004
104.7
2013
122.8
2005
107.0
2014
125.2
2006
109.1
2015
126.6
2007
111.5
2016
128.4
2008
114.1
2017
130.4
2009
114.4
2018
133.4
2010
116.5
The college tuition fee for the year 2007 was $4,800. What would the tuition fee be for
the year 2015 if the tuition fee increased with the inflation rate during this period?
Round to the nearest cent
SAVE
15°C
%23
Transcribed Image Text:Use the CPI provided in the table below for the following question. Year CPI Year CPI 2002 100.0 2011 119.9 2003 102.8 2012 121.7 2004 104.7 2013 122.8 2005 107.0 2014 125.2 2006 109.1 2015 126.6 2007 111.5 2016 128.4 2008 114.1 2017 130.4 2009 114.4 2018 133.4 2010 116.5 The college tuition fee for the year 2007 was $4,800. What would the tuition fee be for the year 2015 if the tuition fee increased with the inflation rate during this period? Round to the nearest cent SAVE 15°C %23
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