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Determining the inflation rate. In 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What

Determining the inflation rate. In 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What was the rate of increase for these automobiles between the two time periods?

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