Linear growth adds the same amount each step. Exponential growth multiplies. At first the difference is small, but soon exponential leaves linear behind.
| Linear: | Exponential: | |
|---|---|---|
| 0 | 2 | 2 |
| 1 | 5 | 6 |
| 2 | 8 | 18 |
| 3 | 11 | 54 |
| 4 | 14 | 162 |
Work through it
Rabbits: 40, doubling each year. After 3 years?
Start and multiplier.,
Substitute.
A $1000 deposit grows 5% a year. Write the model.
5% growth multiplies by 1.05.
A substance halves every 8 hours. Start 80 g. After 24 hours?
Count the half-lives.
Halve three times. g
Watch out for this
5% growth is .
That multiplies by 5%, and shrinks fast. You keep the 100% and add 5%: 1.05.
The short version
: is the start and is the multiplier per step. Above 1 grows, and between 0 and 1 decays.
: is the start and is the multiplier per step. Above 1 grows, and between 0 and 1 decays.
Your turn
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