Exponential Rates and Factors

Front

What is an exponential growth rate?

Back

Front

Back

The growth factor is 1.05, which indicates a 5% growth rate.

Front

What is a decay factor?

Back

Front

What is the difference between a rate and a factor?

Back

A rate is a percentage that describes how much something increases or decreases, while a factor is a multiplier that indicates the change in quantity.

Front

What is the formula for exponential growth?

Back

Front

What is the formula for exponential decay?

Back

Front

If a population grows by 20% each year, what is the growth factor?

Back

The growth factor is 1.20.

Front

If a quantity decreases by 10%, what is the decay factor?

Back

The decay factor is 0.90.

Front

How do you calculate the total after 3 years with a growth rate of 5% starting from 100?

Back

Front

What does a growth rate of 50% mean?

Back

A growth rate of 50% means that the quantity increases by half of its current value each period.