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The function
is an exponential decay function with a y-intercept at
and a horizontal asymptote at
. As
increases,
approaches 0, and as
decreases,
increases without bound.
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Beyond the Answer
Did you know that the function
is an example of an exponential decay function? This means that as
increases, the value of
gets smaller. The base, in this case, is
, and because it’s raised to the negative power of
, it causes the function to decrease exponentially, making it useful in modeling phenomena like radioactive decay or depreciation of assets.
For a real-world application, consider population decline in an area due to migration or other factors. If you were to model the population
over time using this function, you’d see that as time progresses (as
increases), the population represented by
would diminish rapidly, illustrating how quickly certain populations can decrease under various circumstances.

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