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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

f(x)=x/x+2 given g(x)=1+2x/1-x show that gf(x)=1+2x/3
Ken Reply
proof
AUSTINE
sebd me some questions about anything ill solve for yall
Manifoldee Reply
how to solve x²=2x+8 factorization?
Kristof Reply
x=2x+8 x-2x=2x+8-2x x-2x=8 -x=8 -x/-1=8/-1 x=-8 prove: if x=-8 -8=2(-8)+8 -8=-16+8 -8=-8 (PROVEN)
Manifoldee
x=2x+8
Manifoldee
×=2x-8 minus both sides by 2x
Manifoldee
so, x-2x=2x+8-2x
Manifoldee
then cancel out 2x and -2x, cuz 2x-2x is obviously zero
Manifoldee
so it would be like this: x-2x=8
Manifoldee
then we all know that beside the variable is a number (1): (1)x-2x=8
Manifoldee
so we will going to minus that 1-2=-1
Manifoldee
so it would be -x=8
Manifoldee
so next step is to cancel out negative number beside x so we get positive x
Manifoldee
so by doing it you need to divide both side by -1 so it would be like this: (-1x/-1)=(8/-1)
Manifoldee
so -1/-1=1
Manifoldee
so x=-8
Manifoldee
SO THE ANSWER IS X=-8
Manifoldee
so we should prove it
Manifoldee
x=2x+8 x-2x=8 -x=8 x=-8 by mantu from India
mantu
lol i just saw its x²
Manifoldee
x²=2x-8 x²-2x=8 -x²=8 x²=-8 square root(x²)=square root(-8) x=sq. root(-8)
Manifoldee
I mean x²=2x+8 by factorization method
Kristof
I think x=-2 or x=4
Kristof
x= 2x+8 ×=8-2x - 2x + x = 8 - x = 8 both sides divided - 1 -×/-1 = 8/-1 × = - 8 //// from somalia
Mohamed
1KI POWER 1/3 PLEASE SOLUTIONS
Prashant Reply
hii
Amit
how are you
Dorbor
well
Biswajit
can u tell me concepts
Gaurav
Find the possible value of 8.5 using moivre's theorem
Reuben Reply
which of these functions is not uniformly cintinuous on (0, 1)? sinx
Pooja Reply
which of these functions is not uniformly continuous on 0,1
Basant Reply
solve this equation by completing the square 3x-4x-7=0
Jamiz Reply
X=7
Muustapha
=7
mantu
x=7
mantu
3x-4x-7=0 -x=7 x=-7
Kr
x=-7
mantu
9x-16x-49=0 -7x=49 -x=7 x=7
mantu
what's the formula
Modress
-x=7
Modress
new member
siame
what is trigonometry
Jean Reply
deals with circles, angles, and triangles. Usually in the form of Soh cah toa or sine, cosine, and tangent
Thomas
solve for me this equational y=2-x
Rubben Reply
what are you solving for
Alex
solve x
Rubben
you would move everything to the other side leaving x by itself. subtract 2 and divide -1.
Nikki
then I got x=-2
Rubben
it will b -y+2=x
Alex
goodness. I'm sorry. I will let Alex take the wheel.
Nikki
ouky thanks braa
Rubben
I think he drive me safe
Rubben
how to get 8 trigonometric function of tanA=0.5, given SinA=5/13? Can you help me?m
Pab Reply
More example of algebra and trigo
Stephen Reply
What is Indices
Yashim Reply
If one side only of a triangle is given is it possible to solve for the unkown two sides?
Felix Reply
cool
Rubben
kya
Khushnama
please I need help in maths
Dayo Reply
Okey tell me, what's your problem is?
Navin
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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