Question

# Explain and discuss how exponential functions effects Exponential growth or decline of money.

Explain and discuss how exponential functions effects Exponential growth or decline of money.

The exponential function

• The exponential function is one of the most important functions in mathematics (though it would have to admit that the linear function ranks even higher in importance). ...
• An exponential function can describe growth or decay. ...
• In the exponential growth of f(x), the function doubles every time you add one to its input x.
• Exponential growth is a pattern of data that shows greater increases with passing time, creating the curve of an exponential function. For example, if a population of mice doubles every year starting with two in the first year, the population would be four in the second year, 16 in the third year, 256 in the fourth year, and so on. The population is growing to the power of 2 each year in this case (i.e., exponentially).

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