Growth and decay problems are another common application of derivatives. We actually don’t need to use derivatives in order to solve these problems, but derivatives are used to build the basic growth and decay formulas, which is why we study these applications in this part of calculus.
Read MoreThe population of a species that grows exponentially over time can be modeled by P(t)=Pe^(kt), where P(t) is the population after time t, P is the original population when t=0, and k is the growth constant.
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