Can someone explain the exponential growth formula in layman's terms? I really need the help understanding the concept, any help will be greatly appreciated! :)

Question

anonymous · Answer

ok say...i have some amount of money deposited in a bank collecting interest
given time the amount will "exponentially increase" because interest is based on how much money i have
since each year my money will increase, as time increases, interest exponentially increases.

example 2. bacterial growth...say you start off with 1 colony of bacteria, given enough time/resources, it will exponentially grow

day_2010 · Answer

hmm that makes sense, but what I can't figure out is how to apply that to  the formula  A=A$$_{0}$$^rt

day_2010 · Answer

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