Step 1: Express \( x \) and \( y \) in terms of \( t \).
We are given:
\[
x = \frac{a}{2}\left(t + \frac{1}{t}\right), \quad y = \frac{a}{2}\left(t - \frac{1}{t}\right)
\]
Step 2: Find \( x^2 \) and \( y^2 \).
First, square both expressions for \( x \) and \( y \):
\[
x^2 = \left( \frac{a}{2} \right)^2 \left(t + \frac{1}{t}\right)^2 = \frac{a^2}{4}\left(t^2 + 2 + \frac{1}{t^2}\right)
\]
\[
y^2 = \left( \frac{a}{2} \right)^2 \left(t - \frac{1}{t}\right)^2 = \frac{a^2}{4}\left(t^2 - 2 + \frac{1}{t^2}\right)
\]
Step 3: Subtract \( y^2 \) from \( x^2 \).
Now subtract \( y^2 \) from \( x^2 \):
\[
x^2 - y^2 = \frac{a^2}{4} \left( \left(t^2 + 2 + \frac{1}{t^2}\right) - \left(t^2 - 2 + \frac{1}{t^2}\right) \right)
\]
\[
x^2 - y^2 = \frac{a^2}{4} \times 4 = a^2
\]
Hence, the correct equation is:
\[
x^2 - y^2 = a^2
\]