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exponential_logarithm_adj - ECON1003/EC14C Mathematics for...

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1 ECON1003/EC14C Mathematics for the Social Sciences Topic 4: Exponential and Logarithmic Functions Lecturer: Marlon Tracey
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2 Objective 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.
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3 Outline Exponential functions Exponential and Natural logarithmic functions Solving exponential equations Applications
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4 Motivation: 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.
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