Question: Problem 1-3 Determining the Inflation Rate [LO1-2) In 2013, selected automobiles had an average cost of $25,000. The average cost of those same automobiles is

Problem 1-3 Determining the Inflation Rate [LO1-2) In 2013, selected automobiles had an average cost of $25,000. The average cost of those same automobiles is now $42.500. What was the rate of increase for these automobiles between the two time periods? (Enter your answer as a percent rounded to the nearest whole number.) Rate of increase

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