Exponential Growth and Decay Formula

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Flashcards from lecture notes on exponential growth and decay.

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5 Terms

1
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In the formula Y = a(1 ± r)^t, 'a' represents the __.

starting amount

2
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In the formula Y = a(1 ± r)^t, 'r' represents the __ (in decimal form).

rate

3
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In the formula Y = a(1 ± r)^t, 't' represents __.

time

4
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In the formula Y = a(1 ± r)^t, 'Y' represents __.

future amount

5
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The equation Y = a(1±r)^t represents __ or decay.

exponential growth