Exponential Function - A function of the form y = ax, where a > 0, and a ≠ 1
The graph of y = ax will pass through the point (0,1)
Exponential Growth - y = kax, k > 0, a > 1
Exponential Decay - y = kax, k > 0, 0 < a < 1
Half Life
A(t) = Ao(1/2)t/h
A(t) is the amount at a given time
Ao is the original amount
t is the time that has passed, in the same units as half-life
h is the half-life
Growth
A(t) = Ao(1+r)t
A is the amount at a given time
r is the percent rate as a decimal (ex. 1.8% is 0.018)
t is the amount of time that has passed
Compound Interest
A = P(1+r/n)nt
A is the account balance after t years
P is the beginning principle
r is the annual interest rate
n is the number of times the interest is compounded per year (ex. biweekly = 26, quarterly = 4)
t is the time that has passed, in years
The number e is approximately 2.72, and y = ex is frequently used as models of exponential growth
e - 1 + 1/1 + 1/(1×2)…
Logarithm - y = logax, where a > 0, and a ≠ 1; the inverse of the exponential function y = ax; the exponents placed on the base to get the arguments
The graph of y = logax will pass through (1,0)
A logarithm with no base is assumed to have base 10
When solving, change any exponent fractions to a root (ex. x2/3 = 3√(x2))
Logarithm rules and properties:
logb1 = 0
logbb = 1
logbbx = x
blogbx = x
logbmn = (n)logbm
logb(mn) = logbm + logbn
logb(m/n) = logbm - logbn
lognm = (logbm)/(logbn),
b,m,n > 0, b,n ≠ 1