The cost of a well-equipped F-150 truck was $29,350 three years ago. If the cost increased only
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The cost of a well-equipped F-150 truck was $29,350 three years ago. If the cost increased only by the inflation rate and the price today is $33,015, the inflation rate over the 3-year period was closest to:
(a) 3%
(b) 4%
(c) 5%
(d) 6%
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