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Exponential growth

The equation y′=kyy' = ky says that the rate of growth is proportional to the quantity itself. The solution is an exponential function. The initial value y(0)y(0) becomes the constant in front of the exponential function. If kk is positive, the solution grows, and if kk is negative, it decreases. You insert the time at the end. The model is used for unlimited growth and for radioactive decay.

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Logistic growth

y′=ky⇒y=Cekxy' = ky \Rightarrow y = Ce^{kx}the general solution
C=y(0)C = y(0)the initial value

Symbols

kkthe growth constant
CCthe initial value
yythe quantity

Example

y′=0.5yy' = 0.5y and y(0)=4y(0) = 4 gives y=4e0.5xy = 4e^{0.5x}. Then y(0)=4y(0) = 4 and y(2)=4e1≈10.87y(2) = 4e^{1} \approx 10.87.

The constant CC is the value when the exponent is zero, that is at x=0x = 0.
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Part of Mathematics R2: Differential equations.