The formula for constant growth over time, for example, a 2% increase every year, would be starting salary * 1.02 ^ t where t is the number of years. So there i

The formula for constant growth over time, for example, a 2% increase every year, would be starting salary * 1.02 ^ t where t is the number of years. So there is an exponent present, and constant growth is an exponential process.