The average purchase price H, in dollars, of a new home in a certain town t years after 2010 is given by the following table. Use an exponential model for these data to determine the yearly percentage increase in home prices each year since 2010. Round your answer to two decimal places.
t3456 H $185,935.46 $197,091.59 $208,917.09 $221,452.12?
A. 106.71%
B. 9.00%
C. 6.00%
D. 106.00%
Answer: C
Mathematics
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