The city bike rental program is analyzing their growth in member rates. The number of regular members is growing by 4.7% per month. The number of VIP members is growing by 65% per year. Write a function to represent the number of regular members after t years. Then, write an equivalent function that represents the regular members with only 1 compounding per year. What is the effective yearly rate of growth of regular members? Determine the effective rate of growth per year for regular members. Which type of member is growing at a faster rate?