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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

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
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
what is the value of x in 4x-2+3
Vishal Reply
give the complete question
Shanky
4x=3-2 4x=1 x=1+4 x=5 5x
Olaiya
hi can you give another equation I'd like to solve it
Daniel
what is the value of x in 4x-2+3
Olaiya
if 4x-2+3 = 0 then 4x = 2-3 4x = -1 x = -(1÷4) is the answer.
Jacob
4x-2+3 4x=-3+2 4×=-1 4×/4=-1/4
LUTHO
then x=-1/4
LUTHO
4x-2+3 4x=-3+2 4x=-1 4x÷4=-1÷4 x=-1÷4
LUTHO
A research student is working with a culture of bacteria that doubles in size every twenty minutes. The initial population count was  1350  bacteria. Rounding to five significant digits, write an exponential equation representing this situation. To the nearest whole number, what is the population size after  3  hours?
David Reply
v=lbh calculate the volume if i.l=5cm, b=2cm ,h=3cm
Haidar Reply
Need help with math
Peya
can you help me on this topic of Geometry if l help you
litshani
( cosec Q _ cot Q ) whole spuare = 1_cosQ / 1+cosQ
Aarav Reply
A guy wire for a suspension bridge runs from the ground diagonally to the top of the closest pylon to make a triangle. We can use the Pythagorean Theorem to find the length of guy wire needed. The square of the distance between the wire on the ground and the pylon on the ground is 90,000 feet. The square of the height of the pylon is 160,000 feet. So, the length of the guy wire can be found by evaluating √(90000+160000). What is the length of the guy wire?
Maxwell Reply
the indicated sum of a sequence is known as
Arku Reply
how do I attempted a trig number as a starter
Tumwe Reply
cos 18 ____ sin 72 evaluate
Het 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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