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Step1: Find coefficient
$\frac{15}{3}=5$
Step2: Find $x$ exponent
$7-3=4$
Step3: Find $y$ exponent
$5-2=3$
Step4: Identify growth rate form
$V(t)=P(1+r)^t$, so $1+r=1.08$
Step5: Calculate growth rate
$r=1.08-1=0.08=8\%$
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