An Economy has grown at 5 percent in the first year, 6 percent in the second Year, 4.5 percent in the third year, 3 percent in the fourth year and 7.5 percent in the fifth year. What is the average rate of growth of the economy during the five years?
Average rate of growth of the economy during the five years (5+6+4.5+3+7.5) / 5 = 5.2%
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