Suppose the price of pears was 116 in mid-2010 and 137 in
Suppose the price of pears was $1.16 in mid-2010 and $1.37 in mid-2013. What would be the approximate annual compound growth rate in the price of pears?
a. 5.70%
b. 2.83%
c. 1.18%
d. 1.00%
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