Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline did not make payments on her loan for a period of 7 years. After this time period interest had...

Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline did not make payments on her loan for a period of 7 years. After this time period interest had accrued, resulting in the loan balance increasing to $56,000.

What is is the 7-year growth factor for the amount that Jacqueline owes on the loan?