Growth. P=P0ekt with k>0. Population, compound interest.
Decay. P=P0e−kt with k>0. Radioactive decay, cooling, drug clearance.
Half-life. Time for P to halve. From 2P0=P0e−kt: t1/2=kln2.
Cooling: Newton's law. T=Ta+(T0−Ta)e−kt where Ta is ambient temperature.
Example. Population P=1000e0.04t:
- After 10 years: 1000e0.4≈1492.
- Reach 5000: e0.04t=5⇒t=0.04ln5≈40.2.
Cambridge tip. Always state UNITS — years, seconds, etc.