The population of a town increased from 1,75,000 to 2,62,500 in a decade. The average percent increase of population per year is:________?

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The population of a town increased from 1,75,000 to 2,62,500 in a decade. The average percent increase of population per year is:________?

A. 4.37%
B. 5%
C. 6%
D. 8.75%