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Calculating Interest Rates ( LO 3 ) In 2 0 1 6 , the automobile industry announced the average vehicle selling price was $ 3

Calculating Interest Rates

(

3)

2016,

the automobile industry announced the average vehicle selling price was $

34, 958 .

Five years earlier, the average price was $

27, 641 .

What was the annual percentage increase in vehicle selling price?

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