Suppose over unit of time there is a constant growth factor then

Functional model:

Characteristics:

- Continuous model of geometric growth
- In any two periods of equal length, the growth factor will be the same.

Try to experiment with the interactive program of Exponential Growth Model below. Input the initial value x(0) and constant r and g then click "Find" button to find x(n) and to show the plot.

See also: Dynamical System tutorial , Power rule , Logarithm rule

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Preferable reference for this tutorial is
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Teknomo, Kardi (2015) Simple Growth Model. http:\\people.revoledu.com\kardi\ tutorial\Growth\