Exponential decay denotes a process where a quantity decreases at a rate proportional to its current value. This concept is often encountered in radioactive decay problems, where the substance diminishes by a consistent percentage over equal time periods.
In our example, the substance decays to 90% of its initial amount after one day, which implies a decay rate of 10%. To mathematically represent this propensity to decrease over time, we make use of an exponential function.
The general formula for exponential decay is given by: \[ N(t) = N_0 \times (1 - r)^t \] where
- \( N(t) \) is the amount at time t,
- \( N_0 \) is the initial amount,
- \( r \) is the decay rate (as a decimal),
- \( t \) is the time elapsed.
In the context of our problem, with each passing day, we multiply the substance's remaining amount by 0.9, mirroring the concept's fundamentals.