The answer is: 50% (0.5)
Exponential growth equations are use to predict the growth (in function of time) using proportional information.
We can calculate the exponential growth using the following formula:
[tex]y=S(1+r)^{t}[/tex]
Where,
S, is the starting value
r, is the growth rate
t, is the time
So, we are given the function:
[tex]f(t) = 3(1 + 0.5)^{nt}[/tex]
Where,
f(t), is the function,
3, is the starting value (lb)
0.5 (50%) is the growth rate
nt, is the time elapsed.
Hence,
From the given function, we know that the growth rate is equal to 0.5, and it's equal to 50%.
We can turn the growth rate given in real numbers to percent value by multiplying by 100
[tex]GrowthRate(Percentage)=0.5*100=50(Percent)[/tex]
So, the growth rate is 50%.
Have a nice day!
