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Home » Growth factor = \( 1 + 0.10 = 1.10 \) - 500apps

Growth factor = \( 1 + 0.10 = 1.10 \) - 500apps

📅 March 13, 2026 👤 scraface

Mar 13, 2026

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📌 A science journalist is preparing a data visualization on the growth of electric vehicles (EVs) over the last decade. In 2013, there were 500,000 EVs globally, and by 2023, the number grew to 12 million. If the growth is assumed to be exponential, what is the annual growth rate? Use the formula for exponential growth: \( N(t) = N_0 \times e^{rt} \). Calculate \( r \).

📌 Initial number of EVs, \( N_0 = 500,000 \)

📌 Final number of EVs, \( N(t) = 12,000,000 \)

🔥 Popular Posts

A seismologist models earthquake wave decay: the amplitude of a seismi...
After 10 km: 150 × (1 - 0.40) = 150 × 0.60 = 90
After 20 km: 90 × 0.60 = 54
After 30 km: 54 × 0.60 = 32.4
#### 32.4
A virologist is diluting a viral sample by a factor of 10 each time. S...
After 1st: 5,000,000 ÷ 10 = 500,000
After 2nd: 500,000 ÷ 10 = 50,000
After 3rd: 50,000 ÷ 10 = 5,000
After 4th: 5,000 ÷ 10 = 500

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