Rate of increase between the two time periods:
Formula: New number - original number*100
original number
new number = 17,205, original number = 15,500
= 17205 - 15500
15500
= 11%
Rate of increase for the two automobiles is 11%
Problem 1-2 (LO1.1) In 2005, selected automobiles had an average cost of $15,500. The average cost...
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