Suppose that $$13,000$ is invested in a bond fund and the account grows to $$14,772\mathrm{.}63$ in $3yr.$

Part: $\frac{0}{2}$

Part $1$ of $2$

$($a$)$ Use the model $A=P{e}^{rt}$ to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps.

The average rate of return under continuous compounding is approximately