Exponential decay describes the process by which a quantity diminishes at a rate proportional to its current value. This phenomenon is frequently observed in nature and technology, such as the decay of radioactive substances, fading of light, or depreciation of assets over time.
The mathematical representation of exponential decay is typically formulated as \( y = y_0 e^{-kt} \), where:\
- \( y \) represents the remaining amount of the substance at time \( t \).
- \( y_0 \) is the initial amount of the substance.
- \( e \) is Euler's number, a fundamental constant in mathematics.
- \( k \) is the decay constant that signifies the decay's speed.
- \( t \) is the time that has passed since the decay began.
Understanding the mechanics of exponential decay aids vastly in various scientific and financial calculations. In the context of radon decay, knowing the decay constant allows for predicting how rapidly the substance diminishes over time.