This exponential growth calculator can find the final growth value, given the initial value, growth rate, and time.
Created by: Soham Pansuriya
x(t) = x0 × (1 + (r ÷ 100))t
Where,
x0 = Initial value,
r = Percentage of growth rate per year,
t = Elapsed time in years.
Find the final value x(t) for:
x(t) = 2300 × (1 + (3.7 ÷ 100))6
x(t) = 2300 × (1.037)6
x(t) = 2300 × 1.24358
x(t) = 2860.23