Question

Exponential growth

Answer 1

is a pattern of growth where a quantity increases at a consistent rate over time. In exponential growth, the rate of increase is proportional to the current value of the quantity, resulting in a rapid acceleration of growth. This type of growth can be seen in various natural phenomena such as population growth, economic growth, and the spread of diseases. Exponential growth is characterized by a steep curve that rises sharply over time, leading to significant changes in a short period. It is often represented by the mathematical formula y = a*(1+r)^t, where y is the final quantity, a is the initial quantity, r is the growth rate, and t is the time period.