Answer:
0.073
Step-by-step explanation:
The question is about growth function and you are asked to find out the growth rate. Growth function has a format of
y = a(1+r)^t
Where
y= future value = S(t)
a= current value = 273
r= growth rate
t= time =t
Since its a growing function, the r will be positive. If its decay function then the r will be negative. As you can see, the growth rate value is located inside the parentheses. The growth rate of the function should be:
(1+r)= (1.073)
r= 1.073- 1
r= 0.073
