Section 6
Applications of Exponential and Logarithmic Functions
Book
Version 13
By Boundless
By Boundless
Boundless Algebra
Algebra
by Boundless
4 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/32880/square/a6wocjs7s3ytekutrrkt.jpg)
Population Growth
Population can fluctuate positively or negatively and can be modeled using an exponential function.
![Thumbnail](../../../../../../figures.boundless-cdn.com/32893/square/pdr5fttdrdxycgm5xfnc.jpg)
Limited Growth
A realistic model of exponential growth must dampen when approaching a certain value. This limited growth is modelled with the logistic growth model:
![Thumbnail](../../../../../../figures.boundless-cdn.com/32883/square/r4g38wr3wukn0la1zaha.jpg)
Interest Compounded Continuously
Compound interest is accrued when interest is earned not only on principal, but on previously accrued interest: it is interest on interest.
![Thumbnail](../../../../../../figures.boundless-cdn.com/32904/square/qs2npwknr1aofoilp1dl.jpg)
Exponential Decay
Exponential decay is the result of a function that decreases in proportion to its current value.