Question: Hello, Can you assist with the below? 3. Determining the Average Price Increase. In 1998, selected automobiles had an average cost of $12,000. The average

Hello,

Can you assist with the below?

3. Determining the Average Price Increase. In 1998, selected automobiles had an average cost of $12,000. The average cost of those same motor vehicles 10 years later is $16,000. What was the rate of increase for these items between the two time periods?

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