A colony of bacteria grows faster when there are more bacteria. Money earning compound interest grows faster when the balance is bigger. A hot drink cools faster when it is much hotter than the room. In each case the RATE of change depends on the AMOUNT (for the drink, the amount by which it is hotter than the room). Exponential functions are the functions whose rate of change is proportional to the amount, and in this lesson you will see it appear directly in their derivatives.

The slope of aˣ is a multiple of aˣ
So : the derivative is a vertical stretch of the function itself, and the ratio is the same constant at every . Setting shows that is simply the slope of the tangent at , where . The table estimates numerically for three bases.
| Base a | Estimate of k using h = 0.001 | Exact value of k |
|---|---|---|
For base the constant is a bit less than , and for base it is a bit more. Somewhere between and there is a base whose constant is exactly . That base is the number , an irrational number like . For , the slope of the tangent at every point is equal to the height of the graph at that point:
The natural logarithm undoes eˣ
The NATURAL LOGARITHM, , is : the exponent you must put on to get . It is the inverse of , so each one reverses the other: for , and for every . As with any pair of inverse functions, their graphs are reflections of each other in the line , and every point on one graph appears as on the other.
Now the mystery constant can be named. Because , any base can be written as a power of : . The chain rule, with inner function whose derivative is the constant , gives So , which matches the table: and .