Exponential and Logarithmic Models
Explore compound growth, half-life, logarithmic time.
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Compound Growth
Objective: Explain compound growth and use it to solve or interpret a problem.
A quantity compounded at fixed intervals follows a repeated multiplier, with a rate and time unit stated. Compare model predictions to context and data. The factor applied during each time interval.
Worked examples
Try itExponential and Logarithmic Models — practice 1.1: Start at 4 and multiply by 2 each period. Find the value after 5 periods.Show answer
Step 1: Use yₜ=4·2^t. Step 2: At t=5, compute 2^5=32. Step 3: Multiply by 4 to get 128.
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