What is overall rate of inflation for mikes pool membership, Macroeconomics

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What is overall rate of inflation for mikes pool membership

Problem

When Mike took out his first two-year membership with a pool in 2012, the fee was $600. He renewed his membership three times; in 2014 for $640, in 2016, for $670, and again in 2018, for $735. What is the overall rate of inflation for Mike's pool membership?

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Macroeconomics: What is overall rate of inflation for mikes pool membership

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