Question: According to the Census Bureau, in October 2016, the average house price in the United States was $27,958. 7 years earlier, the average price was

According to the Census Bureau, in October 2016, the average house price in the United States was $27,958. 7 years earlier, the average price was $21,008. What was the annual increase in the price of the average house sold?

Multiple Choice

3.75%
5.00%
-4.00%
4.17%
4.58%

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