Solution:
Given that;
The number of ants in a colony was 50 in 1996 and has increased by 14% each year.
The formula for exponential growth is
![\begin{gathered} f(t)=a(1+r)^t \\ Where \\ \text{a is the initial amount} \\ \text{r is the growth rate} \\ t\text{ is number of years since 1996 } \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/34up5upj64vnnxexnnw4z6j6xzeuskrqp7.png)
Where
![\begin{gathered} a=50 \\ r=(14)/(100)=0.14 \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/4kzeawzqzztev7v660r3ki3pea8caw55yb.png)
Substitute the values of the variables, a and r into the exponential growth formula above
![\begin{gathered} f(t)=50(1+0.14)^t=50(1.14)^t \\ f(t)=50(1.14)^t \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/u10nrdi8a058qmmaug4gn60qprnll9zjkz.png)
Hence, the equation that models the exponential growth is
![f(t)=50(1.14)^(t)](https://img.qammunity.org/2023/formulas/mathematics/college/dthd41cc53dbcsdfmye0tnp5bnq57h5qes.png)