Curriculum
Course: Pure Mathematics — Second Secondary
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Curriculum

Pure Mathematics — Second Secondary

Text lesson

The Exponential Function and Its Applications

Pure Mathematics — Second Secondary

The Exponential Function and Its Applications

Real-life applications

Real-life applications

  • The exponential function appears in many everyday problems. The most important models are:
Type Formula Meaning of the symbols
Compound growth A = P(1 + r)t
  • P the starting amount
  • r the rate per period
  • t the number of periods
Half-life (decay) N = N0 × (1/2)t/T N0 the starting quantity, T the half-life
Depreciation at a fixed rate V = V0 × (1 − r)t V0 the starting value, r the yearly rate of decrease
Always convert a percentage to a decimal before calculating→5% becomes 0.05.
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