Key Ideas
1General Form. f(x) = a * b^x, where a is the initial value, b is the base (growth/decay factor), and x is the exponent.
2Growth vs. Decay. If b > 1, the function grows over time (exponential growth). If 0 < b < 1, it shrinks over time (exponential decay).
3Evaluating Exponential Functions. Substitute the given x-value into the exponent, then simplify using the rules of exponents.
4The Number e. A special constant (approximately 2.718) that appears naturally in continuous growth and decay models, such as f(x) = a*e^(kx).
5Horizontal Asymptote. Exponential functions of the form a*b^x get closer and closer to y=0 as x goes to negative or positive infinity (depending on b), but never actually touch it.