Solution:
Given that;
The number of ants in a colony was 50 in 1996 and has increased by 14% each year.
The formula for exponential growth is
[tex]\begin{gathered} f(t)=a(1+r)^t \\ Where \\ \text{a is the initial amount} \\ \text{r is the growth rate} \\ t\text{ is number of years since 1996 } \end{gathered}[/tex]Where
[tex]\begin{gathered} a=50 \\ r=\frac{14}{100}=0.14 \end{gathered}[/tex]Substitute the values of the variables, a and r into the exponential growth formula above
[tex]\begin{gathered} f(t)=50(1+0.14)^t=50(1.14)^t \\ f(t)=50(1.14)^t \end{gathered}[/tex]Hence, the equation that models the exponential growth is
[tex]f(t)=50(1.14)^{t}[/tex]