Exponential decay is a type of decay where the amount of substance decreases by a constant percentage over equal intervals of time. Unlike linear decay, where the decrease is by the same amount each period, exponential decay is characterized by the decay rate being proportional to the quantity that remains.
This mathematical concept is represented by the equation:
\[N(t) = N_0 \cdot e^{-\lambda t}\]
Where:
- \(N(t)\) is the amount remaining at time \(t\).
- \(N_0\) is the initial quantity of the substance.
- \(\lambda\) is the decay constant related to the half-life of the material.
- \(e\) is the base of the natural logarithm, approximately equal to 2.718.
For half-life calculations, we typically simplify using base \(1/2\) rather than \(e\).
By knowing the exponential decay formula, students can determine how long it takes for a quantity to reduce by half and predict how much will remain after several half-lives.