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Lena is complaining about the price of items today compared to what they cost years ago. Suppose that Lena paid $12,000 for the car she
Lena is complaining about the price of items today compared to what they cost years ago. Suppose that Lena paid $12,000 for the car she used to have in 1980. Now, in 2010, the same car costs $41,000. Calculate the annual growth rate for the price of the car. Select one: a. 2.42% b. 4.18% c. 241.67% d. 4.26%
Lena is complaining about the price of items today compared to what they cost years ago. Suppose that Lena paid $12,000 for the car she used to have in 1980. Now, in 2010, the same car costs $41,000. Calculate the annual growth rate for the price of the car.
Select one:
a. 2.42%
b. 4.18%
c. 241.67%
d. 4.26%
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