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- Main article: Exponential decay
The half-life of a quantity subject to exponential decay is the time required for the quantity to fall to half of its initial value. The concept originated in the study of radioactive decay, but it now also occurs in many other fields.
After # of
Half-lives |
Percent of quantity
remaining |
| 0 |
100% |
| 1 |
50% |
| 2 |
25% |
| 3 |
12.5% |
| 4 |
6.25% |
| 5 |
3.125% |
| 6 |
1.5625% |
| 7 |
0.78125% |
| ... |
... |
| N |
 |
| ... |
... |
The table at right shows the reduction of the quantity in terms of the number of half-lives elapsed.
Derivation
Quantities that are subject to exponential decay are commonly denoted by the symbol N. (This convention suggests a decaying number of discrete items. This interpretation is valid in many, but not all, cases of exponential decay.) If the quantity is denoted by the symbol N, the value of N at a time t is given by the formula:

where
When t=0, the exponential is equal to 1, and N(t) is equal to N0. As t approaches infinity, the exponential approaches zero.
In particular, there is a time
such that:

Substituting into the formula above, we have:




Thus the half-life is 69.3% of the mean lifetime.
Examples
- Main article: Exponential decay#Applications and examples
The generalized constant λ can represent many different specific physical quantities, depending on what process is being described.
Decay by two or more processes
Some quantities decay by two processes at once (see Exponential decay#Decay by two or more processes). In a fashion similar to the previous section, we can calculate the new total half-life T1 / 2 and we'll find it to be:

or, in terms of the two half-lives

where t1 is the half-life of the first process, and t2 is the half life of the second process.
See also