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Growth and decay

TermDefinition
Growth increase, appreciate
growth formula Y = C ( 1 + r) to the power of t
C Beginning amount
r percentage written as a decimal
t time in years
Change percent number to a decimal Divide the percent number by 100
Decay Decrease, depreciate
Decay Formula Y = C ( 1 - r ) to the power of t
Examples of Growth Population increase, home value increasing
Examples of Decay Equipment depreciating, car value decreasing
Created by: cmphillips