A capacitor cannot change voltage instantly, and an inductor cannot change current instantly. Connect either through a resistor to a supply and the change builds up smoothly. The time constant, τ (tau), says how quickly.
Why the curve bends
Illustrative: 10 V supply, 10 kΩ, 100 µF, so one time constant is 1 s. The shape is the same for any R and C.
Capacitor voltage6.32 V (63.2%)
Current0.368 mA
An empty capacitor is a short circuit for an instant, so the full supply voltage appears across the resistor and the current is large. As the capacitor fills, its voltage opposes the supply, the voltage left across the resistor shrinks, and so does the current. The capacitor then fills more slowly. Every interval closes the same fraction of what is left, never a fixed amount, which is what makes the curve exponential.
Time
Charging (of final)
Discharging (left)
1 τ
63.2%
36.8%
2 τ
86.5%
13.5%
3 τ
95.0%
5.0%
4 τ
98.2%
1.8%
5 τ
99.3%
0.7%
An RL circuit is the same shape with current in place of voltage. A coil resists the current change, and the resistor limits how far it can go. Note that τ = L ÷ R means a larger resistance makes an RL circuit faster, the opposite of an RC circuit.
Working it out
Each step of 1τ closes 63.2% of the remaining gap.
τ = R × C = 100 kΩ × 10 µF1 s
100 kΩ × 10 µF = 1 s
4.7 kΩ × 0.1 µF = 470 µs
10 mH ÷ 100 Ω = 100 µs
Resistance in ohms and capacitance in farads give τ in seconds. Keep the units straight: Units and metric prefixes helps with the prefixes.
Where it shows up
Filters. An RC low-pass filter has its corner frequency at f = 1 ÷ (2π × R × C), which is 0.159 ÷ τ. 4.7 kΩ with 0.1 µF gives 339 Hz. See Filters.
Timing and smoothing. AGC attack and decay, CW keying shaping, switch debouncing and delay circuits are all RC time constants.
Discharge. A bleeder resistor drains a power-supply capacitor. 100 kΩ across 100 µF gives τ = 10 s, so after 5 τ, about 50 s, it is below 1% of its starting voltage. That is still dangerous on a high-voltage supply, and a capacitor with no bleeder can take far longer. Never trust a supply that has just been switched off, and confirm with a meter; see Electrical safety.