Exponential functions, as seen in the equation
y = e^x
, describe situations where a quantity grows at a rate proportional to its current value. In simpler terms, as
x
increases,
y
gets larger at an accelerating pace, which gives the graph of an exponential function a distinctive, rapidly rising curve.
This behavior is typical for processes such as compound interest in finance, radioactive decay in physics, and many natural growth patterns in biology. It's important for students to recognize this type of function visually and understand its behavior because exponential growth can quickly lead to very large numbers.
When graphing an exponential function, always remember:
- The y-value will never be negative, as the exponential function is always positive.
- The rate of increase becomes steeper as
x
increases. - There is a horizontal asymptote on the graph which the curve approaches but never touches, commonly the
x
-axis.