[color=#0000ff][b]Whenever a quantity increases by a certain percentage per unit time, this quantity is said to grow exponentially. [/b][/color] [br][br][color=#cc0000][b]Whenever a quantity decreases by a certain percentage per unit time, this quantity is said to decay exponentially. [/b][/color][br][br]Interact with the following applet for a few minutes, then answer the questions that follow.
What value or values do/does the base have to assume in order for the function to GROW exponentially?
What value or values do/does the base have to assume in order for the function to DECAY exponentially?
What happens if base = 1?
If the base = 1, the function neither grows nor decays exponentially. This simply results in the horizontal line [i]y[/i] = 1.