Answer: 0.045 is the growth rate.
Explanation:
A generic exponential growth function can be written as:
f(t) = A*(1 + r)^t
where A is the initial amount.
t is the unit of time.
r is the rate of growth.
For example if we have an increase of 10% per year, with an initial population of 100 we have that:
A = 100, r = 10%/100% = 0.10, t = number of years.
the equation will be:
f(t) = 100*(1 + 0.10)^t
Now, in this case the equation is:
S(t) = 152*(1.045)^t
We can write this as:
S(t) = 152*(1 + 0.045)^t
Then 152 is the initial amount and 0.045 is the growth rate.