Year 12 / Exponential and logarithmic calculus
A rate proportional to itself.
The natural exponential has the distinctive property that its derivative is itself. For a composite exponent , the chain rule adds a multiplier . Thus = .
In = , the derivative is kN(t). Positive k models growth and negative k models decay. The continuous rate k differs from a percentage multiplier over a whole time period: the one-period multiplier is .
INTERACTIVE MODEL
Try it. Watch it change.
= tangent
The graph is calculated from the displayed rule. Drag the highlighted point or use the sliders.
Explore: Select and move the tangent point. Compare the function value with its slope.
Chain rule for exponentials
Find the instantaneous growth rate of = at t = 0.
- = 200(0.04)e^(0.04t) = .
- = 8 units per unit time.
Assumed knowledge
Chain rule, exponential models and units of rates.
Learning checkpoints & source
YOUR LEARNING CHECKPOINT- Differentiate natural exponential functions.
- Interpret exponential growth and decay rates.
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