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The value of a house increased by 8% from January 1, 2016, to January 1, 2017. Then, the value of the house decreased by

The value of a house increased by 8% from January 1, 2016, to January 1, 2017. Then, the value of the house decreased by 3% from January 1, 2017, to January 1, 2018. What was the net percentage increase in the value of the house from January 1, 2016, to January 1, 2018?

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