An exponential is a power , otherwise known as an index

A base number is raised to a power, the exponent.
Example
73 has base 7, exponent 3
73 means 7x7x7 , which has value 343
   The  inverse of an exponential function is called the logarithmic function
   If   y = ax 
    then  x = loga y
  To solve an exponential, take logs of both sides to the same base.
Scientific calculators usually have buttons for :- 
Common logarithms                                 natural logarithms
     log  for logarithms to base 10             ln  for logarithms to base e =2.71828…
 
Example

also


 
The natural base, e , uses Euler's number e = 2.71828182…
y = ex has the special property that
  
 , which is useful for differentiation at Advanced Higher
The inverse of y = ex is x = logey, written x = ln y
Graphing Exponential and Logarithmic functions Excel -Exponential / log functions - graphs
A growth function is one where the output increases rapidly.
Example
£100 is deposited in a bank at a fixed rate of 12% per annum.
    If A(n) = the amount of money in the account after n years,
   a)  show that A(n) = 100 x 1.12n
   b) calculate the amount in  the account after 10 years.


{This is the background behind CRy }
The account growth looks like this:

Example
A factory has a target of 1.5% increase in output per year.
    In 2003, the production was 18000 units.
    In 2005, the production was 18515 units.
  Was the production target met?

A decay function is one where the output decreases rapidly.
Example

8000 gallons of oil are lost in an oil spill.
    The clean up  crew manage to clean 67 % of the oil each week.
    a) How much oil is left after 1 week ?
    b) How many weeks  of  cleaning are needed for there to be 10 gallons left ? 



The oil spill decay looks like this:

The rate of decay of a radioactive source can be represented by the equation
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where N is the number of radioactive atoms present at time t , λ is the transformation decay constant and No is the original starting value.
The half-life of carbon-14 is 5,730 ± 40 years and is used for radio carbon dating
Example
Given a half life of 5730 years, calculate the decay constant λ.
  
  
so
      
  
giving
      
  
If  you have a graph with a logarithmic y axis, but ordinary x axis
    then   a straight line  log y = (log b)x + log a 
   confirms a relationship of the form   y = abx    
    for  suitable constants a and b.
If y = abx then log y = log a + xlogb
This is because of the log laws

Compare this to     Y = mx + c
   where Y = log y,  m = log b   and c = log a
Example
Find the equation of the graph below in the form y = abx

The points (0,2) , (2,4) , (6,8) and (10, 12) lie on this graph,
giving c = 2 and m = 1

Now,

and

so

Likewise,

Putting all together, a =4, b = 2 so writing in the form y=abx the graph is y = 4(2x)
This is not the same as y = 8x , just as 2 x 42 is not equal to 82
Notice :
When x = 0

When x = 2

When x = 6

When x = 10

Giving points (0,4) , ( 2, 16) ,( 6,256 ) and ( 10, 4096 )

Comparing with y = 2x , it can be clearly seen that the graph has been scaled by a factor of 4 in the y direction.

Example
Show that the formula connecting the following
       data is of the form y = abx  . 
      Find the value of a and b and state 
      the formula that connects x and y.
To show that y and x are related by the formula y=abx
A straight line confirms that a relationship exists.
Taking logs to base 10 of y gives
  Plotting logy against x gives


Now find m

Use this to find b

Substitute to find c

Use to find a


If  you have a graph with a logarithmic  axes  on both axes,
  then    a straight line  
log y = b log x + log a
confirms  a relationship of the form   y = axb    
    for  suitable constants a and b.
If y = axb then log y = blog x + log a
(When both, blog ! )
This is because

Compare this to     Y = mX + c
where Y = log y,  X = logx   and c = log a
Example
Show that the log - log graph below has equation


Solution
Gradient of BA is

Line cuts x-axis at ( 0, 1) , so c = 1
Graph is of the form Y = nX + c
Where Y = log5y , X = log5x and c = log5x
