10/17/24

Front

What is Exponential Decay?

Back

A process where a quantity decreases at a rate proportional to its current value, leading to a rapid initial drop followed by a gradual decline.

Front

What does Depreciating mean?

Back

The process by which an asset loses value over time, often due to wear and tear or obsolescence.

Front

What is Exponential Growth?

Back

A process where a quantity increases at a rate proportional to its current value, resulting in rapid growth over time.

Front

What does Decay refer to in economic terms?

Back

The reduction in value of an asset over time.

Front

How does an item’s value change during Exponential Decay?

Back

It loses a lot of value initially and then loses less value each subsequent year.

Front

What is the opposite of Depreciating?

Back

Appreciating, which means an asset is gaining value over time.

Front

What is a characteristic of Exponential Growth?

Back

An item gains little value initially but increases in value at an accelerating rate over time.

Front

What is the formula for Exponential Decay?

Back

V(t) = V0 * e^(-kt), where V0 is the initial value, k is the decay constant, and t is time.

Front

What is the formula for Exponential Growth?

Back

V(t) = V0 * e^(kt), where V0 is the initial value, k is the growth constant, and t is time.

Front

What is a real-world example of Depreciation?

Back

A car losing value over the years due to usage and age.