Problem 5-8 Calculating Interest Rates [LO3] Assume that in January 2017, the average house price in a particular area was $294,300. In January 2001, the average price was $191,300. What was the annual increase in selling price? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase in selling price