In 2005, 120 students at Lincoln High School had smartphones. By 2010, 345 students in the same school had smartphones. Which of the following best describes the annual rate of change in the number of smartphones students had from 2005 to 2010 at Lincoln High School?

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In 2005, 120 students at Lincoln High School had smartphones. By 2010, 345 students in the same school had smartphones. Which of the following best describes the annual rate of change in the number of smartphones students had from 2005 to 2010 at Lincoln High School?