Question: autumn took out a 30000 student loan with a fixed...
Question details
Autumn took out a $30,000 student loan with a fixed interest rate to pay for college. Autumn did not make payments on her loan for a period of 7 years. After this time period interest had accrued, resulting in the loan balance increasing to $60,000.

What is is the 7year growth factor for the amount that Autumn owes on the loan?

What is the 7year percent change for the amount that Autumn owes on the loan?
%

What is is the 1year growth factor for the amount that Autumn owes on the loan?

What is the 1year percent change for the amount that Autumn owes on the loan?
%