Wikipedia details the definition of "Exponential Growth"

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Wikipedia details the explanations of related definitions of the meaning of "Exponential Growth"

As of 16 March 2020, at 14:06 (UTC).

Common formula Wikipedia details;

The formula for exponential growth of a variable x at the growth rate r, as time t goes on in discrete intervals (that is, at integer times 0, 1, 2, 3, ...), is

${\displaystyle x_{t}=x_{0}(1+r)^{t}}$

where x0 is the value of x at time 0. This formula is transparent when the exponents are converted to multiplication. For instance, with a starting value of 50 and a growth rate of r = 5% = 0.05 per interval, the passage of one interval would give 50 × 1.051 = 50 × 1.05; two intervals would give 50 × 1.052 = 50 × 1.05 × 1.05; and three intervals would give 50 × 1.053 = 50 × 1.05 × 1.05 × 1.05. In this way, each increase in the exponent by a full interval can be seen to increase the previous total by another five percent. (The order of multiplication does not change the result based on the associative property of multiplication.)


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