A community for students.
Here's the question you clicked on:
 0 viewing
Day_2010
 3 years ago
Can someone explain the exponential growth formula in layman's terms? I really need the help understanding the concept, any help will be greatly appreciated! :)
Day_2010
 3 years ago
Can someone explain the exponential growth formula in layman's terms? I really need the help understanding the concept, any help will be greatly appreciated! :)

This Question is Closed

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1ok say...i have some amount of money deposited in a bank collecting interest given time the amount will "exponentially increase" because interest is based on how much money i have since each year my money will increase, as time increases, interest exponentially increases. example 2. bacterial growth...say you start off with 1 colony of bacteria, given enough time/resources, it will exponentially grow

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0hmm that makes sense, but what I can't figure out is how to apply that to the formula A=A\[_{0}\]^rt

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0sorry about the sloppiness :)

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1Ao = initial amount, r = rate, t = time e = natural logarithm

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1so say given a scenario...i have $1000 deposited at a rate of 7% interest per year, how much will i have in 100 years

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0I had a problem understanding "after year 2003" or whatever year it may be in a "problem"... they say to input t=0 ..... why does t=zero?

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1t = 0 for initial time im assuming

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0One sec.. I will write the problem for you to see..

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0The exponential model dw:1352091910349:dw describes the population, A, of a country in millions, t years after 2003. .... use the model to determine when the population of the country will be 771 million.

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0lol sorry it's very sloppy

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1t = 0 for 2003 because that is the initial population, the 642 million

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1for any years after 2003, you would do say 2008, 20082003 = 5, to t = 5

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0OH hmm that makes plenty of sense... my professor does not do a good job at explaining things lol

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0so it's zero because it's the initial right? just making sure I understand lol

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1it's zero because you are given the initial population at year 2003 remember Ao = 642 million, so if t is any value but 0 for 2003, you would get a different number for Ao, which wouldn't be the case :)

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0Okie dokie! Thanks... I really appreciate the help. :)

Day_2010
 3 years ago
Best ResponseYou've already chosen the best response.0Your awesome.. I'm looking at my homework and now I understand it. lol

Sheng
 3 years ago
Best ResponseYou've already chosen the best response.1sometimes just takes another perspective in things to understand :)
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.