Friday, May 16, 2014
Friday, May 9, 2014
Graphing Exponential
when a > 0 and the b is between 0 and 1, the graph will be decreasing (decaying).
For this example, each time x is increased by 1, y decreases to one half of its previous value.
Such a situation is called Exponential Decay.
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when a > 0 and the b is greater than 1, the graph will be increasing (growing).
For this example, each time x is increased by 1, y increases by a factor of 2.
Such a situation is called Exponential Growth.
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Compound Interest
Definiton: When the interest rate is applied to the original principal and any accumulated interest, this is called compound interest.
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