Exponential Functions and Logarithms I Flashcards
What is an exponential function?
In an exponential function, what does the constant b and the variable x represent?
b is the base and x is the exponent!
What is the difference between exponential growth and decay?
b>1 in exponential growth, b<1 in exponential decay
What would happen is b = 1 in an exponential function?
It wouldn’t be an exponential function anymore, just a line.
What are four elements that exponential functions always have?
What are two other forms of exponential functions then f(x) =b^x?
Since logarithmic functions are the inverse of exponential functions, what would be the four elements that they always have?
Complete the 4 exponential laws:
Prove that this function is an exponential function in disguise.
Write an formula representing the growth of the population of bacteria after t hours. f(x) = A*B^x
What is Eulier’s number?
e = 2.71828. A very important mathematical constant and is the base for natural logarithms. An irrational number represented by the letter e, Euler’s number is 2.71828…, where the digits go on forever in a series that never ends or repeats (similar to pi)
What is special about Eulier’s number?
What is compounding interest?
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest
What is the formula of the compounding model? Describe the variables as well. (4)
What would be the compound interest formula if we would compound once a year?
What would be the compound interest formula if we would compound 6 times a year?
What would be the compound interest formula if we would compound 12 times in a two-year period?
What would be the compound interest formula if we would compound every day for 5 years?