[Math] What does it mean to for a function to have a “constant, relative” rate of change

calculus

The function $f(x) = Ae^{kx}$, where $A$ and $k$ are positive constants is said to have "constant, relative" rate of change.

How does it differ from the statement that it has a constant rate of change?

Thanks,

Best Answer

It means that the rate of change, relative to the actual value, is constant. It always increases (or decreases) by a fixed percentage in a given time interval.

Related Question