Exponential growth — the formula
Repeated percentage increase compounds. The total after periods is the original times the multiplier, raised to the -th power.
When a quantity grows by a fixed percentage each period, the value after periods is
This is the same compound-interest formula, repurposed.
Worked. "A bacterial colony of doubles in size every hour. Find the population after hours."
- per hour → multiplier .
- .
Worked. "A town's population is and grows at per year. Find the population after years."
- .
Why a power, not a multiplier and add? Each period multiplies by the same factor, so periods means multiplying times — that's .
- .
- Each period the quantity is multiplied by .
- periods → raise to the power .
- Always identify what , , refer to in the question.