Question: Anders discovered an old pay statement from 1 0 years ago. His monthly salary at the time was $ 3 , 3 0 0 versus

Anders discovered an old pay statement from 10 years ago. His monthly salary at the time was $3,300 versus his current salary of $5,275 per month.At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.)His salary grew at a rate of% compounded annually.

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