Gold cost 100 an ounce at the beginning of 1971 at the


Gold cost $100 an ounce at the beginning of 1971. At the beginning of 2015, gold was $1200 per ounce.

By what compound annual percentage rate has the price of gold increased over this period? State the answer as a percentage, to two decimal places.

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Business Economics: Gold cost 100 an ounce at the beginning of 1971 at the
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