An engineers salary was $55,000 in 2002. The same engineers salary in 2011 is $85,000. If the
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An engineer’s salary was $55,000 in 2002. The same engineer’s salary in 2011 is $85,000. If the company’s salary policy dictates that a yearly raise in salaries reflect the cost-of-living increase due to inflation, what is the average inflation rate for the period 2002–2011?
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