Question In 1971, the average cost of tuition fees, room, and board for one year at a public 4-year university was

Question

In 1971, the average cost of tuition fees, room, and board for one year at a public 4-year university was $1,410. The same
items had an average cost of $20, 150 in 2016. Calculate the rate of inflation in college expenses from 1971 to 2016. Round
your answer to the nearest tenth of a percent.
Provide your answer below:
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