An exponential function is a mathematical expression where a constant base is raised to the power of a variable. It’s written in the form:
Compound Interest: If you invest money in a bank account that compounds interest, the amount grows exponentially. For example, if you invest $1,000 at 5% interest per year, the formula is:
Population Growth: If a population doubles every year, you can model it as:
A logarithmic function is the inverse of an exponential function. It helps us find the power to which a base must be raised to get a certain number. The general form is:
Exponential and logarithmic functions are two sides of the same coin. They are inverses, meaning one undoes the other. This is expressed as:
Example:
Logarithms follow specific rules, making them easier to work with:
Product Rule:
Quotient Rule:
Power Rule:
Change of Base Formula:
When plotted together, their graphs are reflections of each other across the line
.Solve
:Rewrite
as a power of 3:Equate exponents:
Solve
:Rewrite in exponential form:
Simplify:
The exponential function can be represented by ƒ(x) = ex, while the logarithmic function is represented by g(x) = ln x, with the former being the inverse of the latter. The exponential function's domain is indeed a set of real numbers, whereas the logarithmic function's domain is a set of positive real numbers.
Interest earned on an investment, population growth, and carbon dating seems to be three of the most common applications of exponential and logarithmic functions.
For solving an exponential equation, first isolate the exponential expression, then logarithm on both sides of the equation, and solve for the variable. For solving a logarithmic equation, isolate the logarithmic expression first, then exponentiate both sides of the equation and solve for the variable.