Exponential Function: The exponential function, denoted as $f(x) = e^x$, is a fundamental function in mathematics that grows at a constant rate. The value of e, approximately 2.718, is the base of the natural logarithm and the foundation of exponential growth.
Exponential Growth:Exponential growth is a type of growth where a quantity increases at a rate proportional to its current value. This results in a growth curve that increases more and more rapidly over time, with the derivative of the function representing the rate of growth.
Exponential Decay:Exponential decay is the opposite of exponential growth, where a quantity decreases at a rate proportional to its current value. The derivative of an exponential decay function represents the rate of decay, which is always negative.