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The core idea, one worked example, and short practice.
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Linear growth adds the same amount each step: . Exponential growth multiplies by the same number each step: .
Every exponential function looks like . The number is the starting amount, the value when is . The base is the growth factor, the number you multiply by each step. The exponent is how many steps you take.
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The one move is turning a percent into . Growing by 7 percent gives . Shrinking by 7 percent gives . When is bigger than the amount grows. When is between and the amount shrinks, which is called decay. The -intercept is always the point .