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! Required information The federal - level Pell Grant program provides financial aid to needy college students. The grant increases annually to partially offset the

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The federal-level Pell Grant program provides financial aid to needy college students. The grant increases annually to
partially offset the effects of inflation. The maximum total Pell Grant award increased from $7,130 to $7,895 from 2015 to
What was the percent increase per year in that 7-year period? (Round the final answer to two decimal places.)
The increase is
% per year.
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