Go to Section 3.1 by clicking on the button book contents in the textbook and selecting Chapter 3. Exponential and Logarithmic Functions (see below ). Pay particular attention to the explanation of one-to-one functions as well as the characteristics of inverse functions. Chapter 3. Exponential and Logarithmic Functions asading Dugher 3 Sectors . Il. Exponential Functions and Compound Interest Select Section 3.2 Exponential Functions and read Topic 1: Exponentials. Scroll down to page 370 an select Animation: Investigating the effect of the base on the graph of an exponential function. Change the values of b and observe three different "looks" for the graph in the animation. Hint: one of the "looks" shows that the graph is not an exponential function. Continue to read about transforming exponential functions on page 371. Read about transforming logarithmic functions on page 388 and note the similarities. Some important applications of exponentials relate to simple and compounding interest. The formulas are as follows. Summary of Formulas Relating to Simple and Compound Interest Suppoi that P dollars in peitripal is invested (or burrowed) at an annual indecent satur fin f younia. Tham Amount of simple interest / (in 5). . A - P( 1 + = ) The future value add (in $) of the account after & years with " compounding periods per year. . A- PCT The future valve .A (in $) of the account after 2 years under continuous conpointing