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A home owner purchased a home on January 1st, 2018 for $220,000

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A home owner purchased a home on January 1^st, 2018 for $220,000. On January 1^st, 2019, it was valued at $260,000 and on January 1^st, 2020 it was valued at $310,000.

Showing your work, the average growth rate (in % to 2 decimal places (e.g. 8.34%) in the value of this home over the 2-year period was