Yes, you need to provide the rate of convergence and a justification why it is that rate. You do not need to provide the constant to get full points.
By the way, rate and order are used interchangeably.
However, their definition through the limit comes with the asymptotic error constant (same formula combines the beta/order/rate and the kappa/asympt_constant), and I suppose this is why you asked the first question.
And I want to emphasize that, although the definition formula for rate involves a rather “incomprehensible” limit, for fixed-point iteration, there are easier ways to find the rate and this is what you can do in this question.