Growth & Decay Models
Why do epidemiologists speak of 'flattening the curve'? Why do banks advertise compound interest as exponential growth? All these questions revolve around a single differential equation: $\frac{dN}{dt} = kN$. Its solution, $N(t) = N_0 e^{kt}$, describes everything from bacterial colonies to radioactive decay.
Practise this lesson
Three printable worksheets that build from foundations to mastery — or build your own from any module’s questions.
A bank account earns 5% interest compounded continuously. If $A(t)$ is the amount after $t$ years, the differential equation is $\frac{dA}{dt} = 0.05A$. If you start with \$1000, how much will you have after 10 years? Write your gut answer first — we'll revisit it at the end.
One equation produces four formulas — memorise the anchor and the rest follows.
The fundamental assumption: rate of change is proportional to current amount. That single idea, when solved, gives exponential functions. The sign of $k$ tells you everything: positive means growth, negative means decay.
Key facts
- $\frac{dN}{dt} = kN$ has solution $N = N_0 e^{kt}$
- Half-life: $\frac{\ln 2}{|k|}$; doubling time: $\frac{\ln 2}{k}$
- $k > 0$: growth; $k < 0$: decay
Concepts
- Why proportional change produces exponential functions
- The meaning of half-life and doubling time
- Limitations of the simple exponential model
Skills
- Set up and solve growth/decay DEs
- Calculate half-lives and doubling times
- Apply models to real-world scenarios
The fundamental assumption is deceptively simple: the rate of change of $N$ is proportional to $N$ itself. Write this as $\frac{dN}{dt} = kN$, then solve by separation of variables.
where $N_0 = N(0) = e^C$ is the initial value. The key insight is that the same equation governs both growth and decay — only the sign of $k$ changes.
Growth ($k > 0$) contexts:
- Populations with unlimited resources
- Continuously compounded interest
- Viral spread in early pandemic stages
Decay ($k < 0$) contexts:
- Radioactive decay
- Drug elimination from bloodstream
- Newton's Law of Cooling (after substitution)
Deriving half-life: Set $N = \frac{N_0}{2}$:
DE: $\frac{dN}{dt} = kN$ — rate proportional to amount; Solution: $N(t) = N_0 e^{kt}$ where $N_0 = N(0)$
Pause — copy the differential equation $\dfrac{dN}{dt} = kN$ and its solution $N(t) = N_0 e^{kt}$ into your book.
Did you get this? True or false: the half-life of a radioactive substance depends on how much of the substance you start with.
Worked examples · 3 applications
\$5000 is invested at 6% per annum compounded continuously. Find the value after 8 years.
A substance has half-life 12 years. Find the decay constant and the amount remaining from 200 g after 30 years.
A town's population was 10,000 in 2010 and 12,000 in 2015. Assuming exponential growth, when will it reach 20,000?
Quick check: A substance has decay constant $k = -0.05$ per year. What is its half-life?
Common errors · 3 traps that cost marks
Fill in the blank: A bacteria colony doubles every 3 hours, so its doubling time is 3 h and its growth constant is $k = \dfrac{\ln 2}{3}$. Starting from 100 bacteria, after 9 hours there will be ___ bacteria.
Activities · apply what you know
Find the half-life of a substance with decay constant $k = -0.05$ per year.
An investment of \$2000 grows at 4.5% compounded continuously. Find its value after 15 years.
A bacteria culture triples every 5 hours. How long until it reaches 10 times its original size?
Why does the simple exponential model eventually fail for population growth?
Compare \$1000 at 5% annual compounding versus continuous compounding over 10 years. What is the difference?
Odd one out: Three of these are examples of exponential decay; one is exponential growth. Which is the odd one out?
Earlier: \$1000 at 5% continuously compounded. The solution is $A(t) = 1000e^{0.05t}$. After 10 years: $A(10) = 1000e^{0.5} \approx 1000 \times 1.6487 = \$1648.72$. This is slightly more than annual compounding ($1000 \times 1.05^{10} \approx \$1628.89$) because interest earns interest more frequently. The limit as compounding frequency approaches infinity gives the continuous formula — and this limit is exactly what the DE $\frac{dA}{dt} = rA$ describes.
Pick your answer, then rate your confidence — that tells the system what to drill next.
Q1. A radioactive isotope has half-life 8 days. Starting with 50 g, how much remains after 20 days? Show all working. (3 marks)
Q2. A city's population grows from 50,000 to 65,000 in 10 years. Assuming exponential growth: (a) Find the growth constant $k$. (b) Predict the population in 25 years. (c) When will the population reach 100,000? (4 marks)
Q3. The simple exponential model $\frac{dP}{dt} = kP$ assumes unlimited resources. Explain how this limitation changes the model, what the modified differential equation (logistic growth) looks like, and why the exponential model is still useful in the early stages of growth. (4 marks)
Comprehensive answers (click to reveal)
Activity 1:
1. $t_{1/2} = \frac{\ln 2}{0.05} \approx 13.9$ years.
2. $A(15) = 2000e^{0.045 \times 15} = 2000e^{0.675} \approx \$3927.80$.
3. $3 = e^{5k}$, so $k = \frac{\ln 3}{5}$. Then $10 = e^{kt}$, so $t = \frac{\ln 10}{k} = \frac{5\ln 10}{\ln 3} \approx 10.5$ hours.
Activity 2:
4. Unlimited resources don't exist. The logistic model $\frac{dP}{dt} = kP(1 - \frac{P}{K})$ includes carrying capacity $K$.
5. Annual: $1000 \times 1.05^{10} = \$1628.89$. Continuous: $1000e^{0.5} = \$1648.72$. Difference: \$19.83.
Q1 (3 marks): $k = -\frac{\ln 2}{8} \approx -0.0866$ per day [1]. $N(20) = 50e^{-0.0866 \times 20} = 50e^{-1.733} \approx 8.84$ g [2].
Q2 (4 marks): (a) $65000 = 50000e^{10k}$, $k = \frac{\ln 1.3}{10} \approx 0.0263$ [1]. (b) $P(25) = 50000e^{0.657} \approx 92950$ [1.5]. (c) $t = \frac{\ln 2}{0.0263} \approx 26.4$ years [1.5].
Q3 (4 marks): Simple model predicts unbounded growth, unrealistic [1]. Logistic: $\frac{dP}{dt} = kP(1 - \frac{P}{K})$ where $K$ is carrying capacity [1]. When $P \ll K$, $(1-P/K) \approx 1$, so logistic $\approx$ exponential [1]. Exponential models work well in early pandemic/colonisation stages [1].
Five timed questions. Beat the boss to bank a tier — gold (90% + speed), silver (75%), or bronze (50%). Replays welcome.
Enter the arenaClimb platforms by solving exponential growth and decay problems, calculating half-lives and doubling times.
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