How does modulation work mathematically?

I am not clear how modulation works mathematically.

Example: I want to modulate the Amount parameter of the transpose module. The parameter knob goes from -12 to 12. Then I use a simple knob with the default -1 to 1 range as modulation source. When the modulation is set up, another knob for the modulation amount appears.

What is the formula that describes this path:

source -> modulation amount knob -> target parameter knob -> actual value

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