A growth factor in which the rate of growth of a value is proportionate to the previous increase in value. For example, when a value has increased by 300% the rate of growth will also have increased by 300%. The rate may also be expressed as exponential decay in the case of declining growth. Compound interest, which is the increase in the value of money at a constant rate of interest, is a form of exponential growth. Also called geometric growth.
Related information about exponential growth:
- Exponential growth - Wikipedia, the free encyclopedia
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