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In this section, you will:
  • Evaluate exponential functions.
  • Find the equation of an exponential function.
  • Use compound interest formulas.
  • Evaluate exponential functions with base e.

India is the second most populous country in the world with a population of about 1.25 billion people in 2013. The population is growing at a rate of about 1.2 % each year http://www.worldometers.info/world-population/. Accessed February 24, 2014. . If this rate continues, the population of India will exceed China’s population by the year 2031. When populations grow rapidly, we often say that the growth is “exponential,” meaning that something is growing very rapidly. To a mathematician, however, the term exponential growth has a very specific meaning. In this section, we will take a look at exponential functions , which model this kind of rapid growth.

Identifying exponential functions

When exploring linear growth, we observed a constant rate of change—a constant number by which the output increased for each unit increase in input. For example, in the equation f ( x ) = 3 x + 4 , the slope tells us the output increases by 3 each time the input increases by 1. The scenario in the India population example is different because we have a percent change per unit time (rather than a constant change) in the number of people.

Defining an exponential function

A study found that the percent of the population who are vegans in the United States doubled from 2009 to 2011. In 2011, 2.5% of the population was vegan, adhering to a diet that does not include any animal products—no meat, poultry, fish, dairy, or eggs. If this rate continues, vegans will make up 10% of the U.S. population in 2015, 40% in 2019, and 80% in 2050.

What exactly does it mean to grow exponentially ? What does the word double have in common with percent increase ? People toss these words around errantly. Are these words used correctly? The words certainly appear frequently in the media.

  • Percent change refers to a change based on a percent of the original amount.
  • Exponential growth refers to an increase based on a constant multiplicative rate of change over equal increments of time, that is, a percent increase of the original amount over time.
  • Exponential decay refers to a decrease based on a constant multiplicative rate of change over equal increments of time, that is, a percent decrease of the original amount over time.

For us to gain a clear understanding of exponential growth    , let us contrast exponential growth with linear growth . We will construct two functions. The first function is exponential. We will start with an input of 0, and increase each input by 1. We will double the corresponding consecutive outputs. The second function is linear. We will start with an input of 0, and increase each input by 1. We will add 2 to the corresponding consecutive outputs. See [link] .

x f ( x ) = 2 x g ( x ) = 2 x
0 1 0
1 2 2
2 4 4
3 8 6
4 16 8
5 32 10
6 64 12

From [link] we can infer that for these two functions, exponential growth dwarfs linear growth.

  • Exponential growth refers to the original value from the range increases by the same percentage over equal increments found in the domain.
  • Linear growth refers to the original value from the range increases by the same amount over equal increments found in the domain.

Questions & Answers

what is the function of sine with respect of cosine , graphically
Karl Reply
tangent bruh
Steve
cosx.cos2x.cos4x.cos8x
Aashish Reply
sinx sin2x is linearly dependent
cr Reply
what is a reciprocal
Ajibola Reply
The reciprocal of a number is 1 divided by a number. eg the reciprocal of 10 is 1/10 which is 0.1
Shemmy
 Reciprocal is a pair of numbers that, when multiplied together, equal to 1. Example; the reciprocal of 3 is ⅓, because 3 multiplied by ⅓ is equal to 1
Jeza
each term in a sequence below is five times the previous term what is the eighth term in the sequence
Funmilola Reply
I don't understand how radicals works pls
Kenny Reply
How look for the general solution of a trig function
collins Reply
stock therom F=(x2+y2) i-2xy J jaha x=a y=o y=b
Saurabh Reply
sinx sin2x is linearly dependent
cr
root under 3-root under 2 by 5 y square
Himanshu Reply
The sum of the first n terms of a certain series is 2^n-1, Show that , this series is Geometric and Find the formula of the n^th
amani Reply
cosA\1+sinA=secA-tanA
Aasik Reply
Wrong question
Saad
why two x + seven is equal to nineteen.
Kingsley Reply
The numbers cannot be combined with the x
Othman
2x + 7 =19
humberto
2x +7=19. 2x=19 - 7 2x=12 x=6
Yvonne
because x is 6
SAIDI
what is the best practice that will address the issue on this topic? anyone who can help me. i'm working on my action research.
Melanie Reply
simplify each radical by removing as many factors as possible (a) √75
Jason Reply
how is infinity bidder from undefined?
Karl Reply
Practice Key Terms 4

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Source:  OpenStax, Algebra and trigonometry. OpenStax CNX. Nov 14, 2016 Download for free at https://legacy.cnx.org/content/col11758/1.6
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