Multiple Choice
In 1976, the average price of a domestic car was $5,100.Twenty years later, in 1996, the average price was $16,600.What was the annual growth rate in the car price over the 20-year period?
A) 5%
B) 6%
C) 7%
D) 8%
Correct Answer:
Verified
Correct Answer:
Verified
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