Question: what is the exponential growth formula for population?
Answer: Exponential Decay: the b value (growth factor) has been replaced either by (1 + r) or by (1 - r). The growth "rate" (r) is determined as b = 1 + r. Example 1: The population of HomeTown is 2016 was estimated to be 35,000 people with an annual rate of increase of 2.4%.