Assume the price of salt increased from $0.30 in 1985 to $0.50 in 1995. If we calculate the average rate of price increase for salt over this period, we could accurately say:a. the real price of salt definitely increased during the period. b. the price of salt increased at about a 20% rate per year during this period. c. the price of salt increased by about 20% total during this period. d. the price of salt increased at about a 5% rate per year during this period. e. the price of salt increased at about a 40% rate per year during this period.
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