Question: A house that sold for $ 3 4 0 , 0 0 0 in 2 0 0 9 sold for $ 4 2 0 ,

A house that sold for $340,000 in 2009 sold for $420,000 in 2016. What was the annual rate of increase of the price?
Multiple choice question.
3.4%
5.2%
11.4%
3.1%

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