Anders discovered an old pay statement from $12$ years ago. His monthly salary at the time was $$3,000$ versus his current salary of $$5,090$ 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.