Business, Legal & Accounting Glossary
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 doubled, the rate of growth will also have doubled. 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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Exponential Growth are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.