45. Mastering Exponential Growth: Formulas and Examples Explained
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45. Mastering Exponential Growth: Formulas and Examples Explained
In this video, I explain the concept of exponential growth using the formula y = a(1 + r)^t. I demonstrate how to calculate exponential growth by providing examples of determining college tuition costs after 4 years and projecting a company's annual salary after 7 years. After applying the formula, I find that the tuition cost will be $15,150 ...
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