You can put this solution on YOUR website!
You don't say what unit of time is used for "t". This makes it difficult to answer the question.
Assuming that t is measured in years...
First we can use a rule for exponents, , to rewrite your equation:
Next, we can raise 1.0177 to the thirteenth power (with a calculator):
With the equation in this form, and assuming that "t" is in years, we can "read" the annual growth factor: 1.2561950239084477 (or ).
Assuming that t is measured in days...
If t is measured in days, then the number of years in "t" days would be t/365. This means we want to see t/365 in the exponent. It takes a little creative Algebra to rewrite your equation with t/365 in the exponent. First we multiply the exponent by 365/365. This is just a one and multiplying by 1 does not change whatever you are multiplying it by:
Multiplying we get:
which can be rewritten as:
Using the rule for exponents as we did before:
This makes the annual growth rate
(