A function

is called an
exponential function if
When

,

is an increasing function
and

as

.
When

,

is a decreasing function
and

as

.
In either case,

is a one-to-one function,
and has the horizontal asymptote

.
The domain

and the range

of

are given by

and

, respectively.
Property of one-to-one functions.
If
is a one-to-one function,
implies
.
In particular,
if
with positive real value
,
implies
.
Natural exponential function.
A function
is called the natural exponential function if
where

is the number given by (1).
Exponential growth and decay.
Suppose that the value
at time
is expressed as
with initial value

at time

.
If

, we say that the value

“increases exponentially”
and

is often called the “rate of growth.”
If

, we say that the value

“decreases exponentially”
and

is often called the “rate of decay.”
© TTU Mathematics