Assume that in January 2020, the average house price in a particular area was $275,500. In January 1996, the average price was $177,000. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. Annual increase in selling price 2.01 %