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Assume that in January 2013, the average house price in a particular area was $280, 400. In January 2001, the average price was $197, 300.

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Assume that in January 2013, the average house price in a particular area was $280, 400. In January 2001, the average price was $197, 300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded answer to 2 decimal places, e.g., 32.16.) Annual increase in selling price %

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