Exponential Growth and Decay

Exponential growth and decay are fundamental concepts in mathematics and various scientific disciplines, describing dynamic processes where quantities change at a rate proportional to their current size. In the context of growth, such as population expansion or compound interest, exponential functions exhibit rapid and accelerating increases over time. Conversely, decay models the gradual decrease in quantities like radioactive substances or the depreciation of assets. Understanding these phenomena is crucial in fields like finance, biology, and physics, enabling predictions and analyses essential for decision-making and problem-solving in diverse real-world scenarios.

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