The Number of Students at a Local University Increased from 2,500

Multiple Choice

The number of students at a local university increased from 2,500 students 5000 students in 10 years. Based on a geometric mean, the university grew at an average percentage rate of

A) 2,500 students per year
B) 1.071 students per year
C) 7.1 percent per year
D) 250 students per year
E) Cannot be determined