2 ms·
The page you cite gives the formula for exponential growth as: {\displaystyle x_{t}=x_{0}(1+r)^{t}} Um, right, let me translate that into something that can
by AnimalMuppet 2y ago
The page you cite gives the formula for exponential growth as:
{\displaystyle x_{t}=x_{0}(1+r)^{t}}
Um, right, let me translate that into something that can display here:
x(t) = x(0) * (1+r)^t
Well, if you look at the formula I gave for compound interest:
x(t) is the value at time t,
x(0) is the value at time 0, namely $1000,
(1+r) is 1.05,
and t = n, the number of years.
So, from your own cited article, how is that not exponential?
Or were you agreeing with me, and disagreeing with glitchc?
- glitchc 2y agoMy quibble was about geometrics vs exponential, but beyond the mathematical distinction of discreteness, they are equivalent, so I stand corrected on that front.