Exponential growth is a fascinating concept often described using real-world scenarios, like population dynamics. It characterizes a process where the rate of change is proportional to the quantity present. This means the larger the population, the faster it grows.
The exponential function, \(p(t) = P_0 e^{rt}\), models this growth effectively. Here:
- \(p(t)\) is the population at time \(t\).
- \(P_0\) is the initial population when \(t = 0\).
- \(r\) is the growth rate, determining how quickly the population grows.
They key feature of exponential growth is the doubling time. In our context, if a population doubles every 30 days, this time period reflects how rapid \(r\) is in influencing the population size.
Mathematically, the doubling time can be visually inferred by setting \(p(t) = 2P_0\). By isolating \(r\), we find the rate at which this doubling occurs, enlightening us on the pace and sustainability of biological growth patterns.