I ran into this problem on my differential equations homework set. Previously, the questions were in the form x' = Ax, and they were relatively straight forward and easy to complete.
I was gifted a hint that this problem revolves around variable coefficients.
I'm uncertain how to approach this problem.
My guess is we work backwards from the eigenvalue, to acquire r. And we can get the equations in terms of those variables? Thank you

If $tx'(t)=Ax(t)$ and $x(t)=t^r \xi$, then $tx'(t)=rt^r \xi$, hence
$rt^r \xi=Ax(t)=t^r A \xi$. This gives $A \xi=r \xi$. If $ \xi \ne 0$, then $r$ is an eigenvalue of $A$ with corresponding eigenvector $ \xi$.