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3. In August 2015 the cost per credit for Calculus was $5000. The cost for the same module in August 2019 was $8300 per credit.

3. In August 2015 the cost per credit for Calculus was $5000. The cost for the same module in August 2019 was $8300 per credit. What was annual average rate of increase in the cost of the module per credit? (a) 1650 (b) $1100 (c) $835 (d) $660

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