When Kai took out his first two year membership with Orange gym in 2010 the fee was
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Question:
When Kai took out his first two year membership with Orange gym in 2010 the fee was $540. He renewed his membership three times: in 2012 for $580, 2014, for $600, and in 2016, for $630. What is the non-annualized, overall rate of inflation for Kai's gym membership?
a. 7.87%
b. 5.4%
c. 16.66%
d. 8.6%
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