SAT Exponential Growth: The "1 ยฑ r" Trick
Don't let "compounded annually" scare you. It's just a single formula you can solve in your head.
The Problem
A population of bacteria starts at 500 and increases by 12% every year. Which equation represents the population after \(t\) years?
B) \(P = 500(1.12)^t\)
C) \(P = 500(1.12t)\)
The Trap: Picking 0.12 as the base. If it's growth, the base must be greater than 1. If it's decay, it must be less than 1.
โ The Master Formula: \(y = a(1 \pm r)^t\)
- \(a\) = Initial Amount (The number at the start)
- \(1 + r\) = Growth (e.g., 12% increase becomes 1.12)
- \(1 - r\) = Decay (e.g., 12% decrease becomes 0.88)
- \(t\) = Time (Usually an exponent)
Cheat Sheet for Rates
"Increases by 5%"
Base = \(1 + 0.05 = 1.05\)
"Decreases by 5%"
Base = \(1 - 0.05 = 0.95\)
"Doubles"
Base = \(2\)
๐ The Proof: Why $y = a(1 \pm r)^t$?
Why do we add 1 to the rate? The derivation reveals that exponential growth is actually just repetitive factoring.
1. Start with an initial amount $a$ and a growth rate $r$. After the first time period, the new amount is the original plus the increase:
2. Factor out the $a$ to see the Multiplier:
3. To find the amount after the second period, apply the same multiplier to the new amount:
4. The Pattern: Each time period $t$ simply adds another power to the multiplier:
This explains why the base is $1.12$ for a $12\%$ increase. The "1" represents the 100% you already had, and the "0.12" represents the new growth.
Compounding is the 8th wonder of the world. โ Practix Team
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