Product Rule If you multiply by the same base, then add the exponents Exponential Logarithmic Quotients Rule If you divide by the same base, then subtract the exponents Product Rule Zero Exponent Anything to the power of zero is one. The log of a product is the sum of the logs of the factor Power Rules Quotient Rule If a power is raised to a power, then multiply the exponents. If a product is raised to a power, then each factor is raised to that exponent The log of a quotient is the difference of the logs of the numerator and denominator Power Rule If a quotient is raised to a power, then both the numerator and denominator are raised to that exponent. Negative Exponents The log of a number raised to an exponent is the exponent times the log of the number Change of base A negative exponent is simply the reciprocal. Jaime Hurtado/ECC Learning Center Compound Interest Exponential growth A=Future Value P= Present Value r = percent rate (as a decimal) n= compounded (number of times per year) t = time in years = initial amount = final amount t = time = initial amount = final amount t = time Theorem of Inverse Compounded Annually Semiannually Quarterly Monthly Daily Exponential decay n=1 n=2 n=4 n=12 n=365 Common Log Compound continuously Special properties A=Future Value P= Present Value r = percent rate (as a decimal) t = time in years Jaime Hurtado/ECC Learning Center