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 2 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! :)
 2 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! :)

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Sheng
 2 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
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0sorry about the sloppiness :)

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

Sheng
 2 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
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.1t = 0 for initial time im assuming

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

Day_2010
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0lol sorry it's very sloppy

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

Sheng
 2 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
 2 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
 2 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
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0Okie dokie! Thanks... I really appreciate the help. :)

Day_2010
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.1sometimes just takes another perspective in things to understand :)
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