Exponential Growth & Decay (Illustrated Meaning)
Whenever a quantity increases by a certain percentage per unit time, this quantity is said to grow exponentially.
Whenever a quantity decreases by a certain percentage per unit time, this quantity is said to decay exponentially.
Interact with the following applet for a few minutes, then answer the questions that follow.
What value or values do/does the base have to assume in order for the function to GROW exponentially?
What value or values do/does the base have to assume in order for the function to DECAY exponentially?
What happens if base = 1?