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6 Cards in this Set

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A situation modeled with a function of the form
y = a(b)^x,
where a > 0 and b > 1.
Exponential Growth
The number b in an exponential growth function of the form y = a(b)^x, where b > 1.
Growth Factor
Interest paid on both the principal and the interest that has already been paid.
Compound Interest
The length of time over which interest is calculated.
Interest Period
A situation modeled with a function of the form
y = a(b)^x, where a > 0 and 0 < b < 1.
Exponential Decay
The base b in the exponential function
y = a(b)^x, where 0 < b < 1
Decay Factor