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As a function of the real variable x, the graph of ex is always positive (above the x axis) and increasing (viewed left-to-right). It never touches the x axis, although it gets arbitrarily close to it (thus, the x axis is a horizontal asymptote to the graph). Its inverse function, the natural logarithm, ln(x), is defined for all positive x.
Sometimes, especially in the sciences, the term exponential function is reserved for functions of the form kax, where a, called the base, is any positive real number. This article will focus initially on the exponential function with base e.
In general, the variable x can be any real or complex number, or even an entirely different kind of mathematical object; see the formal definition below .
Using the natural logarithm, one can define more general exponential functions. The function
defined for all a > 0, and all real numbers x, is called the exponential function with base a.
Note that the equation above holds for a = e, since
Exponential functions "translate between addition and multiplication" as is expressed in the following exponential laws:
These are valid for all positive real numbers a and b and all real numbers x and y. Expressions involving fractions and roots can often be simplified using exponential notation because:
and, for any a > 0, real number b, and integer n > 1:
The importance of exponential functions in mathematics and the sciences stems mainly from properties of their derivatives. In particular,
That is, ex is its own derivative, a property unique among real-valued functions of a real variable. Other ways of saying the same thing include:
In fact, many differential equations give rise to exponential functions, including the Schrödinger equationIn physics, the Schrodinger equation proposed by the Austrian physicist Erwin Schrodinger in 1925, describes the time-dependence of quantum mechanical systems. It is of central importance to the theory of quantum mechanics, playing a role analogous to New and the Laplace's equationLaplace's equation is a partial differential equation named after its discoverer Pierre-Simon Laplace. Solutions of Laplace's equation are important in many fields of science, notably the fields of electromagnetism, astronomy, and fluid dynamics because t as well as the equations for simple harmonic motionSimple harmonic motion is the motion of a simple harmonic oscillator, a motion that is neither driven nor damped. The motion is periodic and can be described as that of a sine function (or equivalently a cosine function), with constant amplitude. It is ch.
For exponential functions with other bases:
Thus any exponential function is a constantIn mathematics and the mathematical sciences, a constant is a fixed, but possibly unspecified, value. This is in contrast to a variable, which is not fixed. Constant number The most widely mentioned sort of constant is a fixed, but possibly unspecified, n multiple of its own derivative.
If a variable's growth or decay rate is proportionalThis article is about proportionality, the mathematical relation. For other uses of the term proportionality see proportionality (disambiguation). In mathematics, two related quantities x and y are called proportional (or directly proportional if there ex to its size — as is the case in unlimited population growth (see Malthusian catastropheA Malthusian catastrophe sometimes known as a Malthusian check is a return to subsistence-level conditions as a result of agricultural (or, in later formulations, economic) production being eventually outstripped by growth in population. Theories of Malth), continuously compounded interestIn finance, interest has three general definitions. Interest is a surcharge on the repayment of debt (borrowed money). Interest is the return derived from an investment. Interest is the right to claim in a corporation such as that of an owner or creditor., or radioactive decayRadioactivity Radioactive decay is the process by which radionuclides decay, emitting ionizing radiation. Such nuclear reactions involve a change in the composition of the nucleus, in contrast to chemical reactions which involve only an exchange or sharin — then the variable can be written as a constant times an exponential function of time.