Question: According to the Census Bureau, in October 2016, the average house price in the United States was $28,358. 9 years earlier, the average price was

According to the Census Bureau, in October 2016, the average house price in the United States was $28,358. 9 years earlier, the average price was $21,108. What was the annual increase in the price of the average house sold?

Multiple Choice

3.00%
3.67%
3.34%
4.00%
-3.23%

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