An exponential function has a growth factor of 1.07. What is the percentage growth rate?

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 27T
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An exponential function has a growth factor of 1.07. What is the percentage growth rate?

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