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Question 105·Hard·Nonlinear Functions

The function

A(t)=8(1.331)tA(t)=8\bigl(1.331\bigr)^{t}

models the number of active users, in thousands, on a new app tt years after launch.

According to the model, the number of active users is predicted to increase by r%r\% every 8 months.

What is the value of rr?