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It has been known that how exponential functions can be used to model a variety of growth and decay situations. These included the growth of populations and the decay of radioactive substances. In this lesson we consider more growth and decay problems, focusing particularly on how logarithms can be used in there solution. Population Growth […]
We will examine situations where quantities are increasing exponentially. This situation is known as $\textit{exponential growth modelling}$, and occur frequently in our real-life around us. The population of species, people, bacteria and investment usually $\textit{growth}$ in an exponential way. Growth is exponential when the quantity present is multiplied by a constant for each unit time […]