It would be exponential if it was compounding, I stated "Linear growth of 5% a year on small base". As in, a 5% growth on a $100 base each year which would be $

It would be exponential if it was compounding, I stated "Linear growth of 5% a year on small base". As in, a 5% growth on a $100 base each year which would be $105, $110, $115. Contrasted with 5% compounded growth on $100 of $105, $110.25, $115.76. Apologies, tricky wording.