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If a population or bank account is growing by the same percent age every year what type of growth does it exhibit?
Exponential Growth
What are exponential growth and logistic growth?
Exponential Growth: occurs when the individuals in a population reproduce at a constant rate.Logistic Growth: occurs when a population's growth slows or stops following a period of exponential growth around a carrying capacity.
How are exponential growth patterns similar to and different from linear growth patterns?
They are similar because the population increases over time in both cases, and also because you are using a mathematical model for a real-world process. They are different because exponential growth can get dramatically big and bigger after a fairly short time. Linear growth keeps going up the same amount each time. Exponential growth goes up by more each time, depending on what the amount (population) is at that time. Linear growth can start off bigger than exponential growth, but exponential growth will always win out.
Compare exponential growth with logistic growth?
Exponential growth occurs when numbers increase by a certain factor in each successive time period. Logistic growth is population growth that starts with a minimum number of individuals and reaches a maximum depending on the carrying capacity of the habitat. In exponential growth population grows slowly when it's small, but as the population gets larger, growth speeds up. In logistic growth, when the population is small, the growth rate is fast because there are plenty of natural resources. (Logistic) As the population approaches the carrying capacity, resources become scarce. Completion for food, shelter and mates increases between individuals of a population. As a result, the growth rate slows. Exponential growth, grows fast in the beginning and then slows down. Logistic growth grows slow in the beginning and then speeds up.
What is a growth factor in exponential growth?
implementation of exponential groth
