Exponential Growth/Decay Rate/Factor

Front

Back

1.3

Front

Back

8%.

Front

If the growth rate is 12%, what is the growth factor?

Back

1.12

Front

Back

3.2%.

Front

If the growth rate is 1.2%, what is the growth factor?

Back

1.012.

Front

Define exponential growth.

Back

Exponential growth occurs when a quantity increases by a consistent percentage over a period of time.

Front

Define exponential decay.

Back

Exponential decay occurs when a quantity decreases by a consistent percentage over a period of time.

Front

What is the formula for exponential growth?

Back

Front

What is the formula for exponential decay?

Back

Front

How do you convert a growth rate to a growth factor?

Back

Add 1 to the growth rate expressed as a decimal.