3.1 Exponential Functions and Their Graphs The exponential function f with base a is denoted by f(x) = a x and x is any real number.
Graph y = 2 x x y = 2 -1 =
x y y = 2 -x 421½¼421½¼
x y 5/4 3/ y = 2 x + 1 Graph shifted up one.
x y y = 2 x+1 ½1248½ ¼ Graph shifted left one.
x y y = -2 x y = 2 x -1/4 -1/ Reflects about x-axis
The number ee = … x y 1/e 2 1/e 1 e e 2 = y = e x
Using the One-to-One Property Ex.
Formulas for Compound Interest For n compoundings per year: For continuous compounding: yearly1 monthly12 semi-ann2 daily365
Ex.A total of $12,000 is invested at an annual percentage rate of 9%. Find the balance after 5 years if it is compounded a. quarterly b. continuously A = $18, A = 12,000e.09(5) A = $18,819.75