The given function can also be written in the form:
f (x) = 15 (1 + 1)^x
Where this equation is similar to the general growth rate equation:
f (x) = k (1 + i)^n
Where,
i = percent rate of growth
n = number of years
Since we want to set that n = x/2, therefore we need to find the new i. We can do this by equating the two:
(1 + i)^x/2 = (2)^x
Multiplying the exponents of both sides by 1/x:
(1 + i)^1/2 = 2
1 + i = 4
i = 3
Therefore the new equation is:
f (x) = 15 (4)^(x/2)
or
f (x) = 15 (2^2)^(x/2) (ANSWER)