The expression 1.5 1.09 models the housing costs, in thousands of dollars, for summer term...

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The expression 1.5 1.09 models the housing costs, in thousands of dollars, for summer term t yearssince Chinedu applied to his college.What does 1.09 represent in this expression?Choose 1 answer:Chinedu applied to his school 9 years ago.The summer housing costs were $1,090 the year that Chinedu applied to his college.The summer housing costs increase by 9% each year.Show Calculator

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