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Access these online resources for additional instruction and practice with exponential functions.

Key equations

definition of the exponential function f ( x ) = b x ,  where   b > 0 ,   b 1
definition of exponential growth f ( x ) = a b x ,  where  a > 0 , b > 0 , b 1
compound interest formula A ( t ) = P ( 1 + r n ) n t   ,  where A ( t )  is the account value at time  t t  is the number of years P  is the initial investment, often called the principal r  is the annual percentage rate (APR), or nominal rate n  is the number of compounding periods in one year
continuous growth formula A ( t ) = a e r t ,  where
t is the number of unit time periods of growth
a is the starting amount (in the continuous compounding formula a is replaced with P, the principal)
e is the mathematical constant,     e 2.718282

Key concepts

  • An exponential function is defined as a function with a positive constant other than 1 raised to a variable exponent. See [link] .
  • A function is evaluated by solving at a specific value. See [link] and [link] .
  • An exponential model can be found when the growth rate and initial value are known. See [link] .
  • An exponential model can be found when the two data points from the model are known. See [link] .
  • An exponential model can be found using two data points from the graph of the model. See [link] .
  • An exponential model can be found using two data points from the graph and a calculator. See [link] .
  • The value of an account at any time t can be calculated using the compound interest formula when the principal, annual interest rate, and compounding periods are known. See [link] .
  • The initial investment of an account can be found using the compound interest formula when the value of the account, annual interest rate, compounding periods, and life span of the account are known. See [link] .
  • The number e is a mathematical constant often used as the base of real world exponential growth and decay models. Its decimal approximation is e 2.718282.
  • Scientific and graphing calculators have the key [ e x ] or [ exp ( x ) ] for calculating powers of e . See [link] .
  • Continuous growth or decay models are exponential models that use e as the base. Continuous growth and decay models can be found when the initial value and growth or decay rate are known. See [link] and [link] .

Section exercises

Verbal

Explain why the values of an increasing exponential function will eventually overtake the values of an increasing linear function.

Linear functions have a constant rate of change. Exponential functions increase based on a percent of the original.

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Given a formula for an exponential function, is it possible to determine whether the function grows or decays exponentially just by looking at the formula? Explain.

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The Oxford Dictionary defines the word nominal as a value that is “stated or expressed but not necessarily corresponding exactly to the real value.” Oxford Dictionary. http://oxforddictionaries.com/us/definition/american_english/nomina. Develop a reasonable argument for why the term nominal rate is used to describe the annual percentage rate of an investment account that compounds interest.

When interest is compounded, the percentage of interest earned to principal ends up being greater than the annual percentage rate for the investment account. Thus, the annual percentage rate does not necessarily correspond to the real interest earned, which is the very definition of nominal .

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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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