Exponential growth and decay are key concepts when dealing with differential equations.
They describe how quantities change over time.
Simply put, these processes determine whether a quantity increases or decreases as time progresses.
- Exponential growth occurs when a quantity increases at a constant rate, often represented by a positive coefficient in an exponential function.
- Exponential decay, on the other hand, happens when a quantity decreases over time, indicated by a negative coefficient.
In the exercise, the differential equation is \(\frac{d y}{d t} = -\frac{2}{3} y\).Here, the negative sign in front of the fraction \(-\frac{2}{3}\) tells us we're dealing with exponential decay. This means, as time increases, the value of \(y\) decreases exponentially.
Decaying processes are common in real-world situations like radioactive decay, cooling liquids, or depreciation of assets. The solution to this equation is given as \(y = 20e^{-\frac{2}{3} t}\), a classic example of exponential decay. The function decreases as \(t\) increases, following the negative exponent.