The exponential function with a growth factor has a rate greater than 1
The percentage growth rate is 276%
<h3>How to determine the percentage growth rate?</h3>
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%
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