On January 4, 1979 the price of a sprocket was $38.33. On January 4, 1996 the price of a sprocket was $93.98. Find the average rate of change in the price of a sprocket from 1979 to 1996. Round to the nearest cent.

The average rate of change is $LaTeX: \displaystyle \frac{93.98-38.33}{1996-1979}= 3.27$ dollars per year.