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In 1975 the price of a new house was $48,510. In 2020 the price of a new house is $188,657. How much has the price

In 1975 the price of a new house was $48,510. In 2020 the price of a new house is $188,657.

How much has the price of housing increased on average per year over the time period in percentage terms?

State your answer to two decimal places (e.g., 4.76)

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