Concept explainers
The average cost of a year at a private nonprofit four-year collage grew exponentially form $35,106 in 2005-2006 to $43,921 in 2015-2016, in 2015 dolloars.
Data: collegeboard.org
Find the exponential growth rate k, and write a function that approximates the cost
Predict the cost of a year at a private nonprofit four-year college in 2019-2020.
In what school year will the average cost of a year at a private nonprofit four-year college reach $60,000?
Trending nowThis is a popular solution!
Chapter 12 Solutions
Elementary and Intermediate Algebra: Concepts and Applications Plus MyLab Math -- Title-Specific Access Card Package (7th Edition)
- Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof anincreasing linear function.arrow_forwardEnter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine whetherthe data from the table would likely represent a function that is linear, exponential, or logarithmic.arrow_forwardWhat role does the horizontal asymptote of anexponential function play in telling us about the endbehavior of the graph?arrow_forward
- What happens to an exponential function as the values of x decreases? Will the graph ever cross the y -axis? Explain.arrow_forwardWith what kind of exponential model would half-life be associated? What role does half-life play in these models?arrow_forwardAn investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded continuously. How much will theaccount be worth after 15 years?arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill