2Objective❏At the end of this topic, students should be able to:❏Describe the graph of an exponential function.❏Describe the natural exponential and natural logarithmic functions.❏Solve exponential equations.
3Outline❏Exponential functions❏Exponential and Natural logarithmic functions❏Solving exponential equations❏Applications
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4Motivation: Exponential Function❏From the graphs it is clear that compound interest increases one’s deposit balance at a faster pace (exponentially) compared to the balance based on simple interest, which increases at a constant pace.