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The given exponential growth function is:

\[
Q = 10,000 \cdot 1.03^T
\]

In this equation, \(1.03\) represents the growth factor. To find the growth rate \(r\), we need to subtract 1 from the growth factor and then convert it to a percentage:

\[
r = (1.03 - 1) \times 100\% = 0.03 \times 100\% = 3\%
\]

Thus, the growth rate is **3%**.

Would you like more details or have any other questions?

Here are five related questions that expand on this topic:
1. How do you determine the growth rate from a general exponential function \(Q = A \cdot B^T\)?
2. What is the difference between a growth factor and a growth rate?
3. How would you find the growth rate if the growth factor were given as 0.97?
4. How can exponential growth functions be used to model real-world scenarios like population growth or investment returns?
5. What happens to the graph of an exponential growth function if the growth rate changes?

**Tip:** Always remember that the growth factor \(B\) in an exponential function \(Q = A \cdot B^T\) is equal to \(1 + r\), where \(r\) is the growth rate expressed as a decimal.

Given the following exponential growth function, identify the growth rate in percentage form: Q = 10,000 * 1.03^T

Identify the growth rate for the exponential growth function Q = 10,000 * 1.03^T. This solution explains the concept of growth factors and provides step-by-step instructions to find the growth rate as a percentage. Suitable for Grades 9-12.

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