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[[Image:Plot-exponential-decay.svg|Plot-exponential-decay|thumb]] '''Exponential decay''' is a process in which a quantity decreases at a rate proportional to its current value. This concept is widely applicable across various fields such as [[physics]], [[chemistry]], [[biology]], and [[finance]]. The mathematical representation of exponential decay is typically expressed through the formula:

\[ N(t) = N_0 \cdot e^{-\lambda t} \]

where:
* \(N(t)\) is the quantity at time \(t\),
* \(N_0\) is the initial quantity,
* \(e\) is the base of the natural logarithm (approximately equal to 2.71828),
* \(\lambda\) is the decay constant, and
* \(t\) is the time elapsed.

==Characteristics==
Exponential decay is characterized by the quantity decreasing at a rate that is directly proportional to its current value. This means that the larger the quantity, the faster it decreases. The decay constant \(\lambda\) determines the rate of the decay; a larger \(\lambda\) means a faster decay.

==Applications==
===Radioactive Decay===
In [[radioactive decay]], unstable atomic nuclei lose energy by emitting radiation in the form of particles or electromagnetic waves. This process follows an exponential decay law, with the decay constant being specific to the type of radioactive material.

===Pharmacokinetics===
In [[pharmacokinetics]], the principle of exponential decay is applied to understand how drugs are eliminated from the body. The half-life of a drug, which is the time it takes for its concentration in the plasma to reduce by half, is a key concept derived from exponential decay.

===Electrical Engineering===
In [[electrical engineering]], exponential decay is observed in the discharge of a capacitor through a resistor. The voltage across the capacitor decreases exponentially over time as the charge is depleted.

===Finance===
In [[finance]], exponential decay models are used to describe the depreciation of assets over time or the decrease in the relevance of information, known as information decay.

==Mathematical Derivation==
The formula for exponential decay can be derived from the differential equation:

\[ \frac{dN}{dt} = -\lambda N \]

Solving this equation gives the exponential decay formula, which describes how the quantity \(N\) changes over time \(t\).

==Half-Life==
The half-life (\(t_{1/2}\)) is a concept derived from exponential decay, representing the time required for the quantity to decrease to half of its initial value. It is calculated using the decay constant \(\lambda\) as follows:

\[ t_{1/2} = \frac{\ln(2)}{\lambda} \]

==See Also==
* [[Radioactive decay]]
* [[Half-life]]
* [[Pharmacokinetics]]
* [[Capacitor]]

[[Category:Physics]]
[[Category:Chemistry]]
[[Category:Biology]]
[[Category:Finance]]
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