Next year's value of quantity 1 is obtained by multiplying this year's value of quantity 1 by 1.13.Next year's value of quantity 2 is obtained by adding 1.13 to this year's value of quantity 1.Which of the two quantities are growing exponentially?

Question

Next year's value of quantity 1 is obtained by multiplying this year's value of quantity 1 by 1.13.Next year's value of quantity 2 is obtained by adding 1.13 to this year's value of quantity 1.Which of the two quantities are growing exponentially? ​

Quizplus · Accepted Answer

Quantity 1 grows exponentially because its value each year is obtained by multiplying the previous year's value by a constant factor (1.13). Quantity 2 grows linearly, not exponentially, because a constant value (1.13) is added to it each year.

Next Year's Value of Quantity 1 Is Obtained by Multiplying