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You are on page 1of 2

Recall the formula we developed for compound interest,

r nt

A=P 1+ ,

n

where

P = initial investment,

r = annual interest rate,

n = number of compoundings per year,

t = number of years.

(Number of Periods)

Accumulated Initial Rate of Growth

= 1+ .

Amount Amount Per Period

The benefit of writing the formula in words is that we can now see our monetary terms from the

compound interest formula have disappeared, so there is no reason the formula cant be applied

to other types of problems involving amounts growing (or decaying i.e., decreasing in amount).

We now discuss Doubling-Time and Half-Life, which are two examples of how this formula can be

applied to non-investment type problems.

2 Doubling-Time

Consider the following motivational problem:

Problem 1 Small rural water systems are often contaminated with bacteria by

animals. Suppose that a water tank is infested with a colony of 100,000 E. coli bacteria.

In this tank the colony doubles in number every 4 days. Determine a formula, A(t), for

the number of bacteria present in the tank after t days.

We will proceed by using our formula,

(Number of Periods)

Accumulated Initial Rate of Growth

= 1+ .

Amount Amount Per Period

The amount of time it takes the bacteria to double is 4 days, so this is our period. Since the bacteria

doubles every 4 days, the amount of bacteria increases by 100% every 4 days (or each period). Hence,

the rate of growth per period is 1.00 (corresponding to the 100% increase). The number of

periods that have passed after t days is given by 4t (since our period is 4 days). Therefore, starting

with an initial amount of 100,000 our formula becomes

t

A(t) = (100, 000)[1 + 1.00] 4

t

= 100, 000(2) 4 .

1

We can generalize the ideas we used above to formulate the following,

time it takes a quantity to double in size) and P is the initial amount of the quantity,

then the amount of the quantity present after t units of time is given by

t

A(t) = P (2) d ,

noting that our period is d units of time, so the growth rate per period is 100% and the

number of periods at time t is dt .

3 Half-Life

Similar to Doubling-Time is the idea of Half-Life, the amount of time it takes a quantity to decrease

by half. Again, we consider the following motivational problem:

Problem 2 Lead-209, a radioactive isotope, decays to nonradioactive lead over

time. The half-life of lead-209 is 3.3 hours. Suppose that 20 milligrams of lead-209 are

created by a particle physics experiment. Determine a formula, A(t), for the amount of

lead-209 present t hours after the experiment.

We will once again be using our general formula,

(Number of Periods)

Accumulated Initial Rate of Growth

= 1+ .

Amount Amount Per Period

The amount of time it takes the lead-209 to lose half its radioactive material is 3.3 hours, so this is

our period. Each period the quantity is reduced by half, with implies the quantity grows by -50%.

Hence, the rate of growth per period is -0.50 (or equivalently, 21 ). The number of periods

t

that have passed after t hours is given by 3.3 , so if we start with an initial amount of 20 milligrams

our formula becomes

t

3.3

1

A(t) = (20) 1 +

2

3.3t

1

= 20 .

2

Half-Life Formula If h is the half-life of a given quantity (the amount of time it

takes a quantity to halve) and P is the initial amount of the quantity, then the amount

of the quantity present after t units of time is given by

ht

1

A(t) = P ,

2

noting that our period is h units of time, so the growth rate per period is 50% and the

number of periods at time t is ht .

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