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%