FROM the End of 2003 to the end of 2004, m1 increased FROM 1,344 BILLION TO 1372 BILLION?

: From the end of 2003 to the end of 2004, MI increased from $1,344 billion to $1 ,372 billion. Instructions: Round your response to one decimal place. : a. By what percentage did MI increase? : b. If the Fed had used a fixed rule of 3 percent growth of the money supply, how large billion would MI have been in 2004?