March 2026
Intermediate
512 pages
14h 19m
English
Exponential functions exhibit a rate of change—the change per instant or unit of time—proportional to the function's current value. If that rate of change is positive, the situation is described as exponential growth, while a negative change is described as exponential decay.
These functions are characterized by a constant base that is raised to a variable power. When we say a “variable power,” we refer to a situation where the exponent is an expression involving a variable, such as x. We shall find these functions play a crucial role in modeling a wide range of phenomena in various fields, such as finance, biology, chemistry, and physics.
The general form of an exponential function is:
f (x) = a · bx
where
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