Exponential Growth: Definition & Examples

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  • 0:04 Exponential Growth Defined
  • 1:38 Speed of Exponential Growth
  • 3:27 Rates of Exponential Growth
  • 4:45 Lesson Summary
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Lesson Transcript
Instructor: Kimberlee Davison

Kim has a Ph.D. in Education and has taught math courses at four colleges, in addition to teaching math to K-12 students in a variety of settings.

Exponential growth is growth that increases at a consistent rate, and it is a common occurrence in everyday life. In this lesson, learn about exponential growth and some of its real-world applications.

Exponential Growth Defined

Some things grow at a consistent rate. Money or the descendants of mating rabbits, for example, can grow faster and faster as the total number itself gets bigger. When growth becomes more rapid in relation to the growing total number, then it is exponential.

Exponential growth is extremely powerful. One of the most important features of exponential growth is that, while it starts off slowly, it can result in enormous quantities fairly quickly - often in a way that is shocking.

There is a legend in which a wise man, who was promised an award by a king, asks the ruler to reward him by placing one grain of rice on the first square of a chessboard, two grains on the second square, four grains on the third and so forth. Every square was to have double the number of grains as the previous square. The king granted his request but soon realized that the rice required to fill the chessboard was more than existed in the entire kingdom and would cost him all of his assets.

Exponential Growth of Rice
Chessboard

The number of grains on any square reflects the following rule, or formula:

Formula

In this formula, k is the number of the square and N is the number of grains of rice on that square.

  • If k = 1 (the first square), then N = 2^0, which equals 1.
  • If k = 5 (the fifth square), then N = 2^4, which equals 16.

This is exponential growth because the exponent, or power, increases as we go from square to square.

Speed of Exponential Growth

There are a variety of examples of exponential growth as it applies to the real world. For example, a man is believed to have brought 24 rabbits to Australia in the 1800s so that he could hunt them; however, rabbits have no natural predators in Australia, and so the population grew out of control. Within ten years, so many rabbits had descended from these 24 first rabbits that millions could be killed without making a dent in the population.

The real secret to exponential growth is this - not only do rabbits have children, but their children have children, as do their children's children. The new growth increases just as fast as the growth you started with. There is nothing to slow the growth down or bring it to a halt.

When graphed, exponential growth always looks like it is starting off slowly and then rapidly becomes steeper:

Graph of Exponential Growth
Exponential Curve

It's a lot like spreading gossip about your ex: you might only tell your two best friends that he cries during chick flicks, but each of them tells a couple others, and pretty soon there is no one in the Western Hemisphere that doesn't know his secret - thanks to the power of exponential growth.

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