What is formula for Logarithmic Growth (inverse of #P(t)=P_0e^{rt}#)?
I'm looking for Logarithmic Growth formula that is inverse of Exponential Growth formula below.
Exponential Growth (Malthusian growth model):
#P(t)=P_0e^{rt}#
P(t) = the amount of some quantity at time t
P0 = initial amount at time t = 0
r = the growth rate
t = time (number of periods)
There is also a more complicated formula for Logistic Growth: https://en.wikipedia.org/wiki/Logistic_function#In_ecology:_modeling_population_growth
But what I'm looking for is a simpler formula for normal Logarithmic Growth (without saturation and limit parameters and without exponential growth at the start).
I'm looking for Logarithmic Growth formula that is inverse of Exponential Growth formula below.
Exponential Growth (Malthusian growth model):
P(t) = the amount of some quantity at time t
P0 = initial amount at time t = 0
r = the growth rate
t = time (number of periods)
There is also a more complicated formula for Logistic Growth: https://en.wikipedia.org/wiki/Logistic_function#In_ecology:_modeling_population_growth
But what I'm looking for is a simpler formula for normal Logarithmic Growth (without saturation and limit parameters and without exponential growth at the start).
1 Answer
Explanation:
Given:
Substitute
By definition the left becomes t:
Divide both sides by
Use the natural logarithm on both sides:
ln and e cancel on the right:
Flip the equation and divide by r:
Use a property of logarithms where division become subtraction:
Equation [1.7] is a candidate for the inverse but Inverse verification requires that
Verified