The exponential function with a growth factor has a rate greater than 1
The percentage growth rate is 276%
How to determine the percentage growth rate?
The growth factor (b) is given as:
b = 3.76
The growth factor (b) is greater than 1.
So, the percentage growth rate (r) is calculated as:
r = b - 1
Substitute known values
r = 3.76 - 1
Evaluate the difference
r = 2.76
Express as percentage
r = 276%
Hence, the percentage growth rate is 276%
Read more about exponential functions at:
https://brainly.com/question/11464095
