Exponential growth refers to a process where a quantity increases at a consistent rate over time, relative to its current value. In simpler terms, imagine you have $100 that grows at a rate of 10% per ...

Compound interest allows money to grow exponentially by earning interest on both the initial principal and accumulated interest. A $1,000 deposit at a 4% annual rate grows to $1,040 in one year, then ...

I have always assumed that people understood that compound interest is a textbook example of exponential growth- Any small non-zero rate such as 2% gives the classic exponential growth curve we are ...