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Sierra took out a $ 3 8 , 0 0 0 student loan with a fixed interest rate to pay for college. Sierra did not

Sierra took out a $38,000 student loan with a fixed interest rate to pay for college. Sierra did not make payments on her loan for a period of 9
years. After this time period interest had accrued, resulting in the loan balance increasing to $69,000.
a. What is the 9-year growth factor for the amount that Sierra owes on the loan?
b. What is the 9-year percent change for the amount that Sierra owes on the loan?
%
c. What is the 1-year growth factor for the amount that Sierra owes on the loan?
d. What is the 1-year percent change for the amount that Sierra owes on the loan?
%
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