Exponential functions grow rapidly, defined by equations such as \( b^x \), where \( b \) is a positive constant, often referred to as the base, and \( x \) is the exponent. Exponentials model real-world growth processes like population and compound interest, thanks to their inherent ability to expand quickly over time. Key points to recognize about exponentials include:
- The function \( b^x \) involves raising a base \( b \) to the power of \( x \).
- When \( x \) is positive, the function grows; when \( x \) is negative, the function decreases.
- Exponential functions are often paired with logarithms because of their inverse relationship.
When you encounter exponential functions, recognizing their base and identifying how they can be rewritten using logarithmic functions is crucial, as it simplifies solving equations involving large or small magnitudes.