Different relationships - Exponential growth

4 important questions on Different relationships - Exponential growth

When does exponential growth occur

When an amount is multiplied by the same number each time unit

Formula for exponential growth

N=b*gT
b is the initial value
g is the growth factor per time unit

What does the formula for exponential growth have

The variable in the exponent
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Formula exponential decay

N=b*g^t, with g between 0 and 1, or 0<g<1

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