Comment by infinite8s
9 years ago
People are often introduced to exponential growth through compounding interest (of a monetary investment).
9 years ago
People are often introduced to exponential growth through compounding interest (of a monetary investment).
Exactly. One model I like is e^x represents 100% interest, perfectly compounded for x units of time. a^b is really just e^[ln(a) * b]. Then you can think about "ln(a) * b" being the interest earned scaled by time.