[deleted] t1_je0f6v9 wrote
Qumeric t1_je0gp4p wrote
No, 1% per year is not linear growth. X% growth per amount of time is a more-or-less definition of exponential growth.
Ask ChatGPT :)
I think what you described is formally also exponential growth for somewhat complicated mathematical reasons but only coincidentally.
Informally, you described the exponential growth of the rate of growth.
[deleted] t1_je0k7s9 wrote
[deleted]
Ahaigh9877 t1_je0lqna wrote
Linear growth is going up by the same amount per unit time; exponential is going up by a proportion of the previous total per unit time. Right?
[deleted] t1_je0mk22 wrote
[deleted]
kiyotaka-6 t1_je0mxb5 wrote
Linear is Xn+1 = Xn + b
Exponential is Xn+1 = Xn (1+b)
Yes
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