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Arithmetic Growth Rate Video Lecture | Science for ACT

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FAQs on Arithmetic Growth Rate Video Lecture - Science for ACT

1. What is arithmetic growth rate?
Ans. Arithmetic growth rate refers to a constant increase in a quantity over time. It is characterized by a fixed difference between each term in a sequence. For example, if a population grows by 100 individuals every year, the arithmetic growth rate is 100.
2. How is arithmetic growth rate calculated?
Ans. The arithmetic growth rate can be calculated by subtracting the initial value from the final value and then dividing the result by the number of time periods. The formula is: Growth Rate = (Final Value - Initial Value) / Number of Time Periods.
3. What are some real-life examples of arithmetic growth rate?
Ans. Some real-life examples of arithmetic growth rate include the increase in population, the growth of bank accounts with regular deposits, the accumulation of interest on a loan, and the growth of revenue in a company with fixed incremental sales.
4. How does arithmetic growth rate differ from exponential growth rate?
Ans. Arithmetic growth rate involves a constant increase over time, whereas exponential growth rate involves a constant percentage increase over time. In arithmetic growth, the difference between each term remains the same, while in exponential growth, the growth rate is proportional to the current value.
5. What are the limitations of arithmetic growth rate?
Ans. The limitations of arithmetic growth rate include the assumption of a constant growth rate, which may not be realistic in many scenarios. It also does not account for factors such as external influences, saturation points, or diminishing returns, which can affect the growth pattern of a quantity.
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