Step 1: Define Displacement Current
The formula for displacement current is:
$$ I_d = \epsilon_0 \frac{d\Phi_E}{dt} $$
Definitions:
\( I_d \) represents the displacement current.
\( \epsilon_0 \) is the permittivity of free space.
\( \Phi_E \) denotes the electric flux.
\( t \) signifies time.
Step 2: Connect to Conduction Current
Within a capacitor circuit, the displacement current within the gap equals the magnitude of the conduction current in the connected wires, maintaining current continuity.
Step 3: Summarize Findings
The displacement current flows in the identical direction and possesses the same magnitude as the conduction current.
A circuit consisting of a capacitor C, a resistor of resistance R and an ideal battery of emf V, as shown in figure is known as RC series circuit. 
As soon as the circuit is completed by closing key S₁ (keeping S₂ open) charges begin to flow between the capacitor plates and the battery terminals. The charge on the capacitor increases and consequently the potential difference Vc (= q/C) across the capacitor also increases with time. When this potential difference equals the potential difference across the battery, the capacitor is fully charged (Q = VC). During this process of charging, the charge q on the capacitor changes with time t as
\(q = Q[1 - e^{-t/RC}]\)
The charging current can be obtained by differentiating it and using
\(\frac{d}{dx} (e^{mx}) = me^{mx}\)
Consider the case when R = 20 kΩ, C = 500 μF and V = 10 V.