) Eleven years ago, a guitar cost $1,800. Today, that same guitar costs $3,650. What has been the inflation rate on this instrument?
A) 6.64 percent
B) 6.32 percent
C) 6.57 percent
D) 6.81 percent
E) 6.49 percent
A) 6.64 percent
Business
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Indicate whether the statement is true or false
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