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An engineer's starting salary in USA in 2012 was $55,000. The same engineer's salary was $70,000 in 2017. If the company's salary policy is to

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An engineer's starting salary in USA in 2012 was $55,000. The same engineer's salary was $70,000 in 2017. If the company's salary policy is to adjust wages to reflect the increase in cost of living according to the inflation rate, estimate the average inflation rate in the period 2012-2017. a. 4.94% b. 5.42% c.5.95% I d. 4.45% e. none of the above

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