When you see the following phrase:
y is a differentiable function of t such that y>0 and y′=ky
or
"The rate of change of y is proportional to y"
Use the general solution:
y=Cekt
The differential equation for logistic growth is:
dydx=ky(1−yL)
The general solution to this equation is:
y=L1+be−kx
where L is the carrying capacity, k is the growth rate, and b is a constant determined by initial conditions.