Question $4(10$ points$)$

If output grows by $1\mathrm{.}60\%$ every year, what is the total growth rate over $7$ years? Write the answer in percent terms with

up to two decimals $($e$.$g$.,10\mathrm{.}22$ for $10\mathrm{.}22\%,$ or $2\mathrm{.}33$ for $2\mathrm{.}33\%).$

Your Answer:

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