Assume the average vehicle selling price in the United States last year was $$65,000.$ The average price ten years earlier was $$52,500.$ What was the annual increase in the selling price over this time period?

Multiple Choice

$4\mathrm{.}12\%$

$3\mathrm{.}44\%$

$5\mathrm{.}11\%$

$2\mathrm{.}16\%$

$3\mathrm{.}96\%$