If 267,000 jobs increases to 301,710 jobs over 10 years, what is the annual growth percentage?

Question

Thank you for trying to answer.  It's much appreciated if someone can answer for me.

Answer 1

f(t) = ab^t, where a = starting amount, b = rate, t = time

 

301,710 = 267,000b¹⁰

1.13 = b¹⁰

ln 1.13 = ln b¹⁰

ln 1.13 = 10 ln b

0.1222 ≈ 10 ln b

0.01222 ≈ ln b

1.012 ≈ b

 

The annual percentage rate is 1.012%