What is the annual compound growth rate in the cost

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Reference no: EM13295080

The cost of dry cleaning a dress shirt was 1.10 in mid-2011. Ten years earlier it was .70. what is the annual compound growth rate in the cost of dry cleaning shirts?

a) 3.19%
b) 4.62%
c) 4%
d) 3.75%

Reference no: EM13295080

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