Write the exponential function y=11(1.1)tin the form=

(a) Once you have rewritten the formula, give accurate to at least four decimal places.

Iftis measured in years, indicate whether the exponential function is growing or decaying and find the annual and continuous growth/decay rates. The rates you determine should be positive in the case of growth or decay (by choosing decay the negative rate is implied).

(b) The annualgrowth _______rate is______% per year (round to the nearest 0.01%).