The examples of exponential growth include bacteria population growth and compound interest and a real life example of exponential decay is radioactive decay.
Exponential growth is the pattern of data that shows sharper increases over time. Savings accounts with a compounding interest rate can show exponential growth.
There are many real-life examples of exponential decay. An example, is thatsuppose that the population of a city was 100,000 in 1980. Then every year after that, the population has decreased by 3% as a result of heavy pollution. This is an example of exponential decay.
One of the best examples of exponential growth is the observed in bacteria. It takes bacteria roughly an hour to be able to reproduce through prokaryotic fission. In this case, if we placed 100 bacteria in an environment and recorded the population size each hour, we would observe an exponential growth.
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