precalc help please easy 10 points please help?
The population of a small town increases by a growth factor of 1.53 over a 2 year period.
If the town grows by the same percent each year, what is its annual percent growth rate?
The annual percent growth rate is %. Round the answer to 3 decimal places.
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1.53 = (1+x)^2
√1.53 = 1+x
x = .728011
x = 72.801%