Exponential functions are closely related to geometric sequences. That is, sequences of the form
\[ a, ar, ar^2, ar^3, \dots, ar^{n - 1}, \dots \]
in which the ratio of any term to its preceding term is a non-zero constant.
\[\frac{t_{n+1}}{t_n} = r, r \neq 0, n \ge 1, n \in \mathbb{Z}\]
An exponential function can be used to model a wide variety of real-life situations; from financial growth of investments to depreciation in the value of a vehicle; from population growth to radioactive decay.
In This Module
- We will explore various applications of the exponential function and solve related problems.