Exponential Growth and Decay is exactly how it sounds, growth and decay of something (usually population) using the exponential function! This is part of the Prelim Maths Extension 1 Syllabus from the topic Calculus: Rates of Change. In this post we will explore Exponential growth and decay Introduction. Here we will learn to construct, analyse and manipulate an exponential model of the form N(t) = Ae^(kt) to solve a practical growth or decay problem in various contexts (for example population growth, radioactive decay or depreciation).
Let’s explore this through the following: