The average price of gasoline may reach S5.00 per gallon in some parts of the U.S. by next month. The average price of gasoline 2 years earlier at the start of the pandemic was $2.50 per gallon. What...

Extracted text: The average price of gasoline may reach S5.00 per gallon in some parts of the U.S. by next month. The average price of gasoline 2 years earlier at the start of the pandemic was $2.50 per gallon. What is the effective annual rate of increase if compounded for 2 years that equals this two-year change? 2.