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The current gasoline price is $3.20 per gallon, and it is projocted to increase next year by 2%. 4% the following year, and 7% the

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The current gasoline price is $3.20 per gallon, and it is projocted to increase next year by 2%. 4% the following year, and 7% the third year. What is the average infation rate for the projected pasoline price for the neat three yeare? The average inflation rate is \%. (Round to two decimal places.)

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