using visuals/diagrams, compare and contrast linear and exponential functions. In your discussion, consider using the following talking points: first differences, linear, exponential, equation, graph, f(x)=x, f(x)=2^x.
Exponential and linear refer to the type of a function by looking at the power of the independent variable. A linear function is one where the independent variable is to the power of 1.
For example, in the linear equation y = mx + b , x is the aforementioned independent variable. The term linear comes from the plot of the function; regardless of the values of m and b
, the graphed function will always be a line.
An exponential function is one where the independent variable is to a non-trivial (not 0 th or 1st) power. These are typical of the form y=a⋅bx
. The term exponential comes from the use of exponentiation in the independent variable.
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using visuals/examples if necessary to support your explanation, answer the following: a) What is the major difference between simple interest and compound interest? Pretend that you are providing this explanation to your English teacher, parent, or sibling. b) Why does an investment that earns compound interest grow at a faster rate than an investment that earns simple interest?
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