Chapter 2
Models of Growth: Rates of Change
2.4 Exponential Functions
Section Summary
In this section we have developed formulas for differentiating exponential functions. In particular, we found that
The logarithm in this formula, `text(ln) text(,)` is the natural logarithm, the one that has Euler's number `e` as its base. (An approximate value of `e` is `2.718281828`.) When `e` is also the exponential base, we get the simpler formula
This natural exponential function, the one that is its own derivative, is also called `text(exp)`: that is, `text(exp)text[(] t text[)] = e^t`.
More generally, we found a whole family of functions that all have derivatives proportional to themselves: