AM  Vol.4 No.9 , September 2013
To an Axiomatic Model of Rate of Growth
ABSTRACT

In the paper an axiomatic approach to express rates of growth is presented. The formula is given of rate of growth at a point as the limit case of rate of growth on an interval and the inverse formula is derived to compute present and future value of capital for an integrable rate of growth. Incidentally some inconsistencies in currently used formulas are pointed out.


Cite this paper
V. Studený and I. Mezník, "To an Axiomatic Model of Rate of Growth," Applied Mathematics, Vol. 4 No. 9, 2013, pp. 1326-1332. doi: 10.4236/am.2013.49179.
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