Exponential growth and decay models represent quantities that change by a constant multiplicative factor over equal intervals, using forms such as or . The initial value, growth or decay factor, and percentage rate are interpreted from equations, tables, graphs, and contexts, with indicating growth and decay; this distinguishes exponential change from constant additive change and excludes differential-equation-based or more abstract generalizations.
An exponential model is used when a quantity changes by the same multiplicative factor over equal time intervals. Its general form is
where:
If the quantity grows by percent each interval, then
If it decays by percent each interval, then
A value of represents growth, while represents decay.
A population of bacteria starts at . It increases by every hour. Model the population after hours and find the population after hours.
Step 1: Identify the initial amount.
The starting population is
Step 2: Convert the percent increase to a growth factor.
A increase means multiply by
Thus, the growth factor is .
Step 3: Write the exponential model.
Substitute the initial amount and growth factor into :
This model shows that the population is multiplied by every hour.
Step 4: Find the population after hours.
Substitute :
Since a population is counted in whole bacteria, the population is approximately
This is exponential growth because the population increases by a constant percentage, not by a constant number. A model such as would represent adding bacteria each hour, which is linear rather than exponential.
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