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Among all exponential functions, one is special: , where . It is the unique curve whose gradient at every point equals its own height — which is exactly why calculus, and every natural growth model, is built around it.
The big picture
Why should mathematics single out an awkward number like ? Because is the base for which growth rate exactly equals current size. A population whose growth is proportional to its size, money compounding continuously, radioactive decay — all are governed by . The deep reason is that is the one exponential that is : the rate at which it changes is itself. That property makes the natural language of change, and it is the bridge from this chapter into the whole of calculus with exponentials.
What you'll be able to do
is an irrational constant, roughly , that arises naturally from continuous growth (for instance, compound interest compounded infinitely often approaches an factor). It sits between the bases 2 and 3, so the graph of lies between and — same shape, through , asymptote .
What sets apart is not its graph’s appearance but a property you will prove with calculus.
Like , is a constant nature keeps handing us. shows up wherever there are circles; shows up wherever there is growth proportional to size.
The function is the exponential whose at every point. Where the curve is at height 5, its steepness is also 5. In the language of the next chapter, is its own derivative.
This is why dominates growth models: “rate of change proportional to current amount” is the definition of natural growth, and satisfies it exactly, with controlling the speed (positive for growth, negative for decay).
Tip — grows when and decays when . The size of sets how fast.
Since is a one-to-one function, it has an inverse — the (that is ). It undoes : and . This pairing is how you will solve equations like (take of both sides), covered fully in the logarithm lessons.
Think like an examiner
Common misconceptions
e essentials
Stretch yourself
The mass of a radioactive sample is grams, with in years. Find the initial mass and the mass after 20 years, and state what happens in the long term.
Hint — Initial mass is at . Substitute for the later mass. Consider as .
Questions students ask
Key takeaways
How this fits the course
Test yourself
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