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8 Assume that in January 2014, the average house price in a particular area was $274482. In January 2008, the average price was $218864. What

8

Assume that in January 2014, the average house price in a particular area was $274482. In January 2008, the average price was $218864.

What was the annual percentage increase in selling price? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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