Exponential and Logarithmic Models
Develop compound growth, half-life, logarithmic time.
Compound Growth
Objective: Explain compound growth, apply the rule, and justify relevant restrictions.
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. Identify the stated domain before using the rule, preserve restrictions during algebraic simplification, and interpret the result in the units or graph features requested. Use the worked example to connect the symbolic rule with a concrete calculation.
Formulas
Worked examples
Try itStart at 5 and multiply by 3 each period. Find the value after 7 periods.Show answer
Step 1: Use yₜ=5·3^t. Step 2: At t=7, compute 3^7=2187. Step 3: Multiply by 5 to get 10935.
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