In this case, we'll have to carry out several steps to find the solution.
Step 01:
Data:
Lionfish:
growth rate: 65%
time = 1 year
amount (1) = 7000
Step 02:
explicit equation:
f(1) = 7000
n = time
r = 65% = 0.65
f(n) = f(1) * r ^ (n - 1)
f(n) = 7000 * (0.65) ^ (n - 1)
The answer is:
f(n) = 7000 * (0.65) ^ (n - 1)