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Answer :
The inflation rate was b) 7.5 percent.
To calculate the inflation rate, you use the following formula:
Inflation Rate = ((CPI in Current Year - CPI in Previous Year) / CPI in Previous Year) * 100
By substituting the given values:
Inflation Rate = ((215 - 200) / 200) * 100
First, find the difference between the CPIs: 215 - 200 = 15
Next, divide the difference by the previous year's CPI: 15 / 200 = 0.075
Finally, convert to a percentage: 0.075 * 100 = 7.5%
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