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28 March, 02:34

According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?

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  1. 28 March, 03:29
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    Annual increase is $1,108.4

    Explanation:

    In 2016, average price was $27,258.6

    In 2010, average price was $20,608

    Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6

    Annual average increase = $6650.6/6 = $1,108.4
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