Unlimited growth: Exponential growth
Doubling time and half-life for exponential growth
Sometimes, when working with exponential growth, not the growth factor or relative growth rate is given, but the doubling time or, in case of exponential decay, the half-life . The doubling time and half-life you can associate with the growth factor and relative growth rate constant .
For exponential decay we have . By taking the natural logarithm on both sides and using the calculation rules for logarithms you get:
Thus
After rewriting:
Because , we can also write and
For exponential growth holds . By taking the natural logarithm on both sides and using the calculation rules for logarithms you get:
Because , we can also write
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