You start with an initial value of 400
This accumulates exponentially at a rate of 0.05
This goes for 6 units of time
How much is your initial value now?
Since r = 0.05 > 0, we have an exponential growth equation
The exponential growth equation is as follows:
Pert = A where P is your initial starting value, r is your rate,
and t is time it takes to grow your initial investment/amount to A, your final value.
Note: e is Eulers Constant = 2.718281828459
Plugging in our known values, we get:
A = 400e(0.05)(6)
A = 400e0.3
A = 400(1.349858807576)
A = 539.9435230304
Final Answer:
Therefore, 400 which accumulates exponentially at a rate of 0.05 for 6 units of time has a value of 539.9435230304
What is the Answer?
Therefore, 400 which accumulates exponentially at a rate of 0.05 for 6 units of time has a value of 539.9435230304
How does the Exponential Growth Calculator work?
Free Exponential Growth Calculator - This solves for any 1 of the 4 items in the exponential growth equation or exponential decay equation, Initial Value (P), Ending Value (A), Rate (r), and Time (t).
This calculator has 4 inputs.
This calculator has 4 inputs.
What 2 formulas are used for the Exponential Growth Calculator?
Pert = A
e is Eulers Constant = 2.718281828459
e is Eulers Constant = 2.718281828459
What 5 concepts are covered in the Exponential Growth Calculator?
- decay
- Reduction in size from decomposition
- exponential
- of or relating to an exponent
- exponential growth
- growth whose rate increase in proportion to the total number
- rate
- the ratio between two related quantities in different units. A measure, quantity, or frequency.
- time
- a point of time as measured in hours and minutes past midnight or noon
