The calculated density will be <u>larger</u>. Because, the volume is taken accurately, by the water displacement method. But, when we the took the mass, the water was present on the unknown solid. So, the mass of that water was added to the original mass of the solid. Hence, the mass measured was larger than the original mass. We, know from the formula of density that density is directly proportional to the mass of the object.
Density = Mass/Volume
Hence, the larger measured mass means the larger value of density.
As you know, the rate of a first-order reaction depends linearly on the concentration of a single reactant. The rate of a first-order reaction that takes the form