Exponential Growth and Decay

AI-generated flashcards

12 cards NotePlus

Study free

Preview

What is exponential growth?

Exponential growth occurs when a quantity increases by a fixed percentage over equal time intervals.

What is the general formula for exponential decay?

The formula is $$N(t) = N_0 e^{-rt}$$, where $N(t)$ is the amount at time $t$, $N_0$ is the initial amount, and $r$ is the decay rate.

How does the doubling time relate to exponential growth?

The doubling time is the period it takes for a quantity to double in size during exponential growth, which can be estimated using the rule of 70.

+ 9 more cards — study free to see them all