Calculate exponential growth when rate r is changing

Join the discussion
Registration is free. Ask a follow-up in this thread, or start your own.
2 replies · 2K views
Vodkacannon
Messages
40
Reaction score
0
The formula f(t) = I(1 + r)t gives the value of something after it has grown for t years, at rate r, with an initial value I.

What if the growth rate r is continuously increasing?
What is the formula now?
Does it relate somehow to xx?
 
Physics news on Phys.org
It depends on how it increases with t. Is it linear with t? Geometric? Logarithmic? ...
 
It is, of course, [itex]f(t)= I(1+ r(t))^t[/itex]. And, yes, that has similar properties to [itex]x^x[/itex], especially if r(t) is linear.