U.S. Population (pre-Civil War). $\Delta N/N$ is nearly constant at $\approx 0.35$, consistent with exponential growth.
| Year | N (millions) | ΔN | ΔN/N |
|---|---|---|---|
| 1790 | 3.929 | – | – |
| 1800 | 5.308 | 1.379 | 0.351 |
| 1810 | 7.240 | 1.932 | 0.364 |
| 1820 | 9.638 | 2.398 | 0.331 |
| 1830 | 12.866 | 3.228 | 0.335 |
| 1840 | 17.069 | 4.203 | 0.327 |
| 1850 | 23.192 | 6.123 | 0.359 |
| 1860 | 31.443 | 8.251 | 0.356 |
| Compounding | n | Formula (P=1, k=6%, t=1 yr) | Amount |
|---|---|---|---|
| Annual | 1 | $(1.06)^1$ | 1.0600 |
| Semi-annual | 2 | $(1.03)^2$ | 1.0609 |
| Monthly | 12 | $(1.005)^{12}$ | 1.0617 |
| Daily | 365 | $(1+0.06/365)^{365}$ | 1.0618 |
| Continuous | ∞ | $e^{0.06}$ | 1.0618… |
| Model | ODE | Solution | Stationary point |
|---|---|---|---|
| MalthusPopulation | $\dot N = rN$ | $N(t)=N_0 e^{rt}$ | $N^*=0$ (unstable) |
| CoolingTemperature | $\dot T = c(T_s-T)$ | $T(t)=T_s-(T_s-T_0)e^{-ct}$ | $T^*=T_s$ (stable) |
| InterestCapital | $\dot A = kA$ | $A(t)=A_0 e^{kt}$ | $A^*=0$ (unstable) |