For​ 1993-1994, the average cost of tuition and fees at public​ four-year universities was ​$2341 for​ full-time in-state students. twenty years​ later, it had increased 330​%. to the nearest​ dollar, what was the approximate cost for​ 2013-2014?

Final answer:

The approximate cost of tuition and fees at public four-year universities for 2013-2014, after a 330% increase from the 1993-1994 cost of $2,341, was $10,066.

Explanation:

To calculate the approximate cost of tuition and fees at public four-year universities for the 2013-2014 academic year, given the average cost in 1993-1994 was $2,341 and it had increased by 330% twenty years later, we use the following mathematical operation:

Tuition in 2013-2014 = Tuition in 1993-1994 + (Tuition in 1993-1994 × Increase Percentage)

Tuition in 2013-2014 = $2,341 + ($2,341 × 330%)

Tuition in 2013-2014 = $2,341 + ($2,341 × 3.30)

Tuition in 2013-2014 = $2,341 + $7,725.30

Tuition in 2013-2014 = $10,066.30

To the nearest dollar, the approximate cost for the 2013-2014 academic year was $10,066.

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