Back to articles
|
algebraexponentsfinancegrowth-modelsreal-world

30. Exponential Growth & Decay: The Monster Under the Bed

Practice Cards

Question

What is the basic formula for Exponential Growth?

Answer

y = a(1 + r)^t, where 'a' is the start, 'r' is the rate, and 't' is time.

Click card to flip

1 / 6