12/06/24 Exponential Growth/Decay

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What is exponential growth?

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What is exponential decay?

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What is the formula for percent increase?

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What is the formula for percent decrease?

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What is the half-life in exponential decay?

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What does the term 'initial value' refer to in exponential functions?

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The initial value is the starting amount or quantity before any growth or decay occurs, often represented by 'a' in the equations.

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How do you determine the growth factor in exponential growth?

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How do you determine the decay factor in exponential decay?

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What is the general form of an exponential function?

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What is the significance of the base 'b' in an exponential function?

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The base 'b' indicates the rate of growth or decay. If b > 1, the function represents growth; if 0 < b < 1, it represents decay.