Definition of the derivative of Exponential Functions:
Exponential Function:
An exponential function is a function of the form: f(x)=a⋅bx,
then
f′(x)=dxd(a.bx)=a.bx.ln(b)
where:
- a is a constant coefficient.
- b is a positive constant (base) greater than 0 and not equal to 1.
- x is the variable (exponent).
The function represents exponential growth or decay, depending on the value of the base b.
Special Case:
When b=e≈2.718, the function is known as the natural exponential function and is denoted by:
f(x)=a⋅ex
f′(x)=dxd(a.ex)=a.ex.ln(e)=a.ex
The derivative of an exponential function is particularly simple because the rate of change of exponential functions is proportional to their current value.
Explanation & Intuition:
- Exponential functions are widely used to model growth and decay processes, such as population growth, radioactive decay, and compound interest.
- These functions exhibit constant relative growth or decay. For example, in the case of population growth, the population size grows at a rate proportional to its current size.
- The derivative of the natural exponential function f(x)=ex is itself, which makes it unique: dxd(ex)=ex
This property is particularly important in calculus, physics, and economics.
Derivative Examples with Solutions:
Example 1: Differentiating an Exponential Function
Differentiate f(x)=3e2x.
Solution:
Using the chain rule and knowing the derivative of ex is ex, we differentiate:
f′(x)=3⋅e2x⋅dxd(2x)
f′(x)=3⋅e2x⋅2
f′(x)=6e2x
Thus, the final answer is: 6e2x
Example 2: Modeling Compound Interest
The amount A of money in an account is given by the formula:
A(t)=Pert
where:
- P is the principal,
- r is the interest rate,
- t is the time in years.
Find the rate of change of the amount after 5 years if P=1000 and r=0.05.
Solution:
To find the rate of change, differentiate A(t)=Pert with respect to t:
A′(t)=P⋅ert⋅dtd(rt)
A′(t)=P⋅ert⋅r
Substitute the given values P=1000, r=0.05, and t=5:
A′(5)=1000⋅e0.05⋅5⋅0.05
A′(5)=1000⋅e0.25⋅0.05
Using a calculator:
A′(5)≈1000⋅1.284⋅0.05
A′(5)≈64.2
Thus, the rate of change after 5 years is: 64.2 dollars per year.
Example 3: Radioactive Decay
The amount of a radioactive substance is modeled by the function:
N(t)=N0e−λt
where:
- N(t) is the amount remaining at time t,
- N0 is the initial amount,
- λ is the decay constant.
Find the rate of decay at t=10 if N0=1000 and λ=0.1.
Solution:
The rate of decay is given by the derivative:
N′(t)=N0e−λt⋅(−λ)
Substitute the given values N0=1000, λ=0.1, and t=10:
N′(10)=1000⋅e−0.1⋅10⋅(−0.1)
N′(10)=1000⋅e−1⋅(−0.1)
Using a calculator:
N′(10)≈1000⋅0.3679⋅(−0.1)
N′(10)≈−36.79
Thus, the rate of decay is: −36.79 units per time.
Example 4: Exponential Growth in Population
The population of a species is modeled by:
P(t)=500e0.02t
where t is the time in years. Find the rate of population growth at t=10.
Solution:
The rate of growth is the derivative of P(t):
P′(t)=500e0.02t⋅0.02
Substitute t=10:
P′(10)=500e0.02⋅10⋅0.02
P′(10)=500e0.2⋅0.02
Using a calculator:
P′(10)≈500⋅1.221⋅0.02
P′(10)≈12.21
Thus, the rate of population growth at t=10 is: 12.21 individuals per year.
Conclusion:
- Exponential functions are essential in modeling growth and decay processes.
- They are used extensively in biology, physics, economics, and finance to describe phenomena such as population growth, radioactive decay, and compound interest.
- Understanding the derivatives of exponential functions allows us to compute rates of change in these processes.