Up to this point you have worked with rational bases. However, exponential functions can have irrational bases as well. One important irrational base is the number e. The graph of
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Natural base exponential functions are exponential functions with base e. These functions are useful for describing continuous growth or decay. Exponential functions with base e have the same properties as other exponential functions.
How can you use a graphing calculator to evaluate
After you press the
Press
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Use the
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Use the graph of
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Use a table of values for
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In Lesson 7-1 you studied interest that was compounded annually. The formula for continuously compounded interest uses the number e.