A company is opening and expanding a new headquarters in a region over the next three
years. The region had 6, 240 households just before the opening. If the region grows r%
annually for this period, the number of households H after t years is
H (r) = 6,240(1 + 100)". Find and interpret the inverse function r (H). What annual
growth rate will increase the number of households to 7,800 after three years? Explain
how to find your answer and provide the annual growth rate as a percentage, rounded to
two decimal places.