Stage 24 · Exponential & Logarithmic Functions

24.5.1 Compound Interest and Doubling

24.5 Growth Models: Where Exponentials and Logarithms Shine

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24.5.1 Compound Interest and Doubling

Core idea

Money snowballs at a fixed rate, so after n periods the total is the principal times (1+r)^n, a classic case of exponential growth.

Module goal. Use exponentials and logarithms to capture real-world growth, decay, and phenomena spanning many orders of magnitude, feeling the value of modeling
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