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20-11-2020
Mathematics

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Write a generic exponential growth function A(t) that has initial value P and an annual growth rate (expressed as a decimal) of r.

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20-11-2020

Answer:

A(t) = P(1+r)^t

Step-by-step explanation:

A(t): amount after

P: initial value

t: time

r: growth as a decimal

This example shows compounding the growth once per year

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