Exponential Growth and Decay

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What is Exponential Growth?

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What is Exponential Decay?

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How do you convert a percentage to a decimal for exponential equations?

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To convert a percentage to a decimal, divide the percentage by 100. For example, 5% becomes 0.05.

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What is the formula for calculating future value in exponential growth?

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What is the formula for calculating future value in exponential decay?

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If a population of 10,000 increases by 20% per year, what is the population after 1 year?

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If a substance decays at a rate of 10% per hour, what is the remaining amount after 3 hours if you start with 500 grams?

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What does the variable 'r' represent in the exponential growth and decay formulas?

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In the exponential growth and decay formulas, 'r' represents the rate of growth or decay expressed as a decimal.

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What is the difference between exponential growth and linear growth?

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Exponential growth increases at a rate proportional to its current value, leading to faster increases over time, while linear growth increases by a constant amount over time.

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How can you determine the time it takes for an investment to double using the rule of 70?

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