Step 1: Note what changes and what stays fixed when RPM rises.
The plate thickness and feed per revolution stay the same, so a higher RPM only cuts each hole faster, not longer.
Step 2: Turn hole counts into tool life expressed in time.
Time for one hole is proportional to $1/N$, so total tool life is (number of holes)$/N$: $T_1 = 150/200 = 0.75$, $T_2 = 60/300 = 0.20$.
Step 3: Set the two Taylor equations equal to each other.
$V_1 T_1^{\,n} = V_2 T_2^{\,n}$ becomes $200(0.75)^n = 300(0.20)^n$.
Rearranged: $(0.75/0.20)^n = 300/200$, so $(3.75)^n = 1.5$.
Step 4: Take logs on both sides to isolate n.
$n = \ln(1.5)/\ln(3.75) = 0.4055/1.3218 = 0.307$.
Final Answer:
This gives an exponent of about 0.31 in Taylor's tool life equation.
\[ \boxed{n \approx 0.31} \]