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Thirty-one years ago, in 1991, the cost of two burgers and two fries at Burger King was $2. Today, the cost for this combo is
Thirty-one years ago, in 1991, the cost of two burgers and two fries at Burger King was $2. Today, the cost for this combo is approximately $3.77. Based on this information, the annual inflation rate in this combo is closest to which of the following amounts?
1% | ||
2% | ||
3% | ||
5% | ||
10% |
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