Exponential Growth Rate Formula:
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The exponential growth rate (r) measures how quickly a quantity grows over time when the growth is proportional to the current size. It's commonly used in biology, finance, and population studies.
The calculator uses the exponential growth formula:
Where:
Explanation: The formula calculates the continuous growth rate needed to go from N0 to Nt over time period t.
Details: Understanding growth rates helps predict future values, compare growth across different systems, and make informed decisions in investments, population management, and biological studies.
Tips: Enter all values as positive numbers. Time units must be consistent (all in days, years, etc.). The calculator uses natural logarithm (base e).
Q1: What's the difference between exponential and linear growth?
A: Exponential growth increases by a percentage of the current value, while linear growth adds a fixed amount each period.
Q2: Can this be used for decay rates?
A: Yes, the same formula works for decay - you'll get a negative growth rate.
Q3: What time units should I use?
A: Use consistent units (e.g., all in years or all in days). The rate will be in reciprocal time units (per year, per day, etc.).
Q4: Why use natural log instead of base-10?
A: Natural log (base e) is standard for continuous growth calculations and simplifies calculus operations.
Q5: How do I convert to percentage growth rate?
A: Multiply the result by 100 to get a percentage. For example, r=0.05 means 5% growth per time unit.