What type of curves does the equation y = a e^(bx) represent?

What type of curves does the equation y = a e^(bx) represent?

Step 1: Identify the equation given, which is y = a e^(bx).
Step 2: Recognize that 'e' is a mathematical constant (approximately 2.718) used in exponential functions.
Step 3: Note that 'a' is a constant that affects the starting value of the curve (the y-intercept).
Step 4: Understand that 'b' is a constant that determines the growth rate of the curve.
Step 5: If 'b' is positive, the curve will rise as x increases (exponential growth).
Step 6: If 'b' is negative, the curve will fall as x increases (exponential decay).
Step 7: Conclude that the equation y = a e^(bx) represents a family of curves that can either grow or decay depending on the value of 'b'.

No concepts available.