Exponential Growth Model

The Exponential Growth Model describes how quantities increase rapidly over time when the growth rate is constant relative to the current size. In this model, as the amount grows, it does so faster because the increase depends on its current value—like compounding interest in a bank account. This results in a curve that starts off slow but accelerates sharply, leading to very large numbers in a relatively short period. It's often used to model populations, investments, or the spread of ideas, where each new increase builds upon the previous total.