Time constant
Also called RC time constant, tau
The time constant is the characteristic time that sets how quickly a circuit settles toward its final state. For a resistor and capacitor it is resistance times capacitance, and one time constant takes a charging capacitor to about 63 percent of its final charge.
The time constant answers how long a circuit takes to get most of the way to its final state. For a resistor and a capacitor, both the AP Physics 2 and the AP Physics C: E&M sheets print
and the C: E&M sheet adds the inductive version, , for a resistor and an inductor. AP Physics 2 has no inductors, so only the first form applies there. Check the units once and you will trust both: an ohm times a farad is a second, and a henry divided by an ohm is a second.
What one time constant buys. For a charging capacitor, is the time for the charge to rise from zero to roughly 63 percent of its final value. For a discharging one, it is the time for the charge to fall to roughly 37 percent of its initial value. Those figures are stated about charge, and since with unchanged, the potential difference across the capacitor tracks them. The current does not: while a capacitor charges, the current starts large and decays as the charge climbs.
The dependence is a plain product, so doubling either or doubles and doubling both quadruples it. For times much greater than the branch may be modeled with steady-state conditions, which is the license behind every question that says "after a long time". See RC circuit for the two states themselves.