Get oriented
Set up the anchor equation and key terms for growth and decay.
Practise this lesson
Three printable worksheets that build from foundations to mastery, or build your own from any module’s questions.
A bank account earns 5% interest compounded continuously. If $A(t)$ is the amount after $t$ years, the differential equation is $\frac{dA}{dt} = 0.05A$. If you start with $\$1000$, how much will you have after 10 years? Write your gut answer first we'll revisit it at the end.
One equation produces four formulas, memorise the anchor and the rest follows.
The fundamental assumption: rate of change is proportional to current amount. That single idea, when solved, gives exponential functions. The sign of $k$ tells you everything: positive means growth, negative means decay.
Key facts
- $\frac{dN}{dt} = kN$ has solution $N = N_0 e^{kt}$
- Half-life: $\frac{\ln 2}{|k|}$; doubling time: $\frac{\ln 2}{k}$
- $k > 0$: growth; $k < 0$: decay
Concepts
- Why proportional change produces exponential functions
- The meaning of half-life and doubling time
- Limitations of the simple exponential model
Skills
- Set up and solve growth/decay DEs
- Calculate half-lives and doubling times
- Apply models to real-world scenarios