Is compound growth just growth rate added to growth rate? So if I own a stock that is $100 and it grows 1% per day, then in the early days it will just grow by $1 a day. But once it finally reaches $1,000 then that same 1% growth rate per day means my stock is growing $10 per day. So compound growth means exponential growth because it is based on growth rate and not absolute unit growth?
Submitted August 29, 2024 at 12:24AM by Vivid-Protection6731 https://ift.tt/GpO4FdW
