Question: In 2 0 2 2 , selected automobiles had an average cost of $ 1 6 , 5 0 0 . The average cost of

In 2022, selected automobiles had an average cost of $16,500. The average cost of those same automobiles is now $18,645.
What was the rate of increase for these automobiles between the two time periods?
Note: Enter your answer as a percentage, rounded to the nearest whole percentage.

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