growth/increase/appreciation or decay/decrease/depreciation
Discrete: n "steps" | Continuous |
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A(n) = A0(1±r)n | A(t) = A0ekt |
Amount A as a function of n steps.
the 1 means 100%, the same. ± growth/decay rate r per step. multiply itself n times. then of the initial amount A0 | Amount A as a function of continuous t (time, length, etc)
A0 :initial amount Growth: k>0. k = ln(2) / doubling time Decay: k<0 k = ln(1/2) / halving time |
Setting A0 = 1 means 100%, then the function results are multiples or fractions of the initial amount.