Answer:
y = a[1 + 0.26]^t
Rate = 0.26
This is a growth rate
Step-by-step explanation:
If we have the following equation modelling a growth or decay.
then if r < 0, then the above equation models decay. If a > 0, then the above equation models growth.
We can rewrite our equation y = a(4)¹/6 as
Now
Therefore,
which can also be written as
which is our answer!
As can be seen from the above equation, the rate is r = 0.26.
Now r = 0.26 > 0, which means that the equation above models a growth.
Hence, to summerise
y = a[1 + 0.26]^t
Rate = 0.26
This is a growth rate