Question: According to the Census Bureau, in October 2016, the average house price in the United States was $28,758. 5 years earlier, the average price was

According to the Census Bureau, in October 2016, the average house price in the United States was $28,758. 5 years earlier, the average price was $21,308. What was the annual increase in the price of the average house sold?

Multiple Choice

5.56%
6.80%
7.42%
-5.82%
6.18%

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