Exponential growth and decay models
Exponential Growth and Decay
Exponential Growth and Decay is a topic in Differential Equations in the California Calculus Standards. It is aligned to Standard 27.0, which requires students to solve elementary differential equations, including growth-and-decay problems.
Exponential growth and decay follow \(\dfrac{dy}{dt}=ky\), which solves to \(y=y_0 e^{kt}\) — growth when \(k>0\) and decay when \(k<0\), governed by a doubling time or half-life.
Theory
Many quantities change at a rate proportional to their size, \(\dfrac{dy}{dt}=ky\). Solving this gives the exponential model \(y=y_0 e^{kt}\): growth when \(k>0\) and decay when \(k<0\), governed by a doubling time or a half-life.
When the rate of change of a quantity is proportional to the amount present, the model is
where \(y_0\) is the initial amount (the value at \(t=0\)) and \(k\) sets the rate.
- \(k>0\): exponential growth (populations, compound interest);
- \(k<0\): exponential decay (radioactive material, cooling).
The doubling time (growth) and half-life (decay) are the times for the amount to double or halve; both are \(\dfrac{\ln 2}{|k|}\).
The model and the doubling/half-life:
How to work with a growth/decay model
- Identify \(y_0\) and \(k\) (or a doubling time / half-life).
- Write \(y=y_0 e^{kt}\), or the halving form \(y_0\left(\dfrac{1}{2}\right)^{t/H}\).
- Substitute the time to find the amount, or set \(y\) to a target and solve for \(t\) with logarithms.
Doubling each hour multiplies by \(2\) three times.
| \(y\) | \(=\) | \(500\cdot 2^{3}\) |
| \(=\) | \(500\cdot 8=4000\) |
\(15\) years is \(\dfrac{15}{5}=3\) half-lives, so halve three times (\(2^3=8\)).
| \(y\) | \(=\) | \(100\cdot\left(\dfrac{1}{2}\right)^{3}\) |
| \(=\) | \(100\cdot\dfrac{1}{8}\) | |
| \(=\) | \(12.5\) |
\(12.5\) units remain.
Set \(y=2y_0\) and solve for \(k\).
| \(2\) | \(=\) | \(e^{kT}\) |
| \(k\) | \(=\) | \(\dfrac{\ln 2}{T}\) |
The solution of \(\dfrac{dy}{dt}=ky\) is \(y=y_0 e^{kt}\).
| \(y(t)\) | \(=\) | \(5000\,e^{0.03t}\) |
Since \(k>0\), it is growth.
Common pitfalls
Frequently asked questions
What is the exponential growth model?
\(y=y_0 e^{kt}\), the solution of \(\dfrac{dy}{dt}=ky\). With \(k>0\) the quantity grows, with \(k<0\) it decays.
What does y0 represent?
The initial amount, the value of \(y\) at \(t=0\). Because \(e^{0}=1\), \(y(0)=y_0\).
What is half-life?
The time it takes a decaying quantity to fall to half its amount. It equals \(\dfrac{\ln 2}{-k}\) and is constant for exponential decay.
How do you find k from a doubling time?
Set \(2=e^{kT}\) and solve: \(k=\dfrac{\ln 2}{T}\), where \(T\) is the doubling time.