exponential growth
An increase by the same factor (greater than 1) in each equal time period: y = a(1 + r)ᵗ, r > 0.
exponential decay
A decrease by the same factor (between 0 and 1) in each equal time period: y = a(1 − r)ᵗ.
growth or decay rate (r)
The percent change per period, as a decimal. 3% growth: b = 1.03. 12% decay: b = 0.88.
doubling time
The time it takes a growing quantity to double: y = a(2)^(t/d), where d is the doubling time.
half-life
The time it takes a decaying quantity to fall to half: y = a(1/2)^(t/h), where h is the half-life.
ambient temperature
The temperature of the surroundings (for example, the room). A cooling object approaches it.