The formula this page uses
τ = R · C charging: V(t) = V₀(1 − e^(−t/τ)) discharging: V(t) = V₀·e^(−t/τ) f_c = 1 / (2πRC)
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τ = R · C charging: V(t) = V₀(1 − e^(−t/τ)) discharging: V(t) = V₀·e^(−t/τ) f_c = 1 / (2πRC)
The circuit
It is 1 − 1/e, and e is baked into the exponential solution of the circuit's differential equation. Nobody chose 63.2%; it falls out of the mathematics, which is why every RC circuit shares it regardless of the component values.
Not exactly. The curve approaches the supply voltage forever without reaching it. Engineers call 5τ finished because 0.7% left over is smaller than the tolerance of the components themselves.
Both stretch it in direct proportion, since τ is their product. Doubling R to 940 kΩ or doubling C to 20 µF each pushes τ from 4.7 s to 9.4 s, and doing both together gives 18.8 s.
The same pair is a low-pass filter with cutoff f_c = 1/(2πRC). A long time constant means a low cutoff, so the 4.7 s circuit above passes only signals below 0.034 Hz and smooths everything faster away.