Exponential Growth Calculator







Formula

The formula to calculate exponential growth is:

\[ x(t) = x0 \times (1 + r)^t \]

Where:

Exponential Growth Definition

Exponential growth is defined as the growth of an object or asset that is described or can be modeled by an exponential function like the one above. Exponential functions grow "exponentially" with each step forward.

Exponential Growth Example

Let's assume the following:

Step 1: Calculate the final value:

\[ x(t) = 1000 \times (1 + 0.05)^{10} \approx 1628.89 \]

Therefore, the final value after 10 years is approximately 1628.89.