Apart from 1/t, everything before this lesson was a polynomial, whose quotient is a polynomial in the step and comes out exact. An exponential is not a polynomial, and for most bases and steps its quotient is no longer a fraction, so for the first time in the course some figures are rounded.
b^(a + h) − b^a = b^a·b^h − b^a
= b^a·(b^h − 1)
(b^(a + h) − b^a)/h = b^a·(b^h − 1)/h
That is exact algebra and nothing is dropped. Every quotient of bᵗ at every place is the base raised to the place, times the quotient at the place 0. Everything depends on the second factor, so look at it for b = 2.
At h = 1 it is (2 − 1)/1 = 1, exactly, because the base is a whole number and the step is 1. At h = 1/2 it is (√2 − 1)/(1/2) = 2(√2 − 1), which has no finite decimal, and the lab prints ≈ 0.828427. From the second row on, every figure in the table is rounded to six significant figures and carries the sign ≈.
b = 2, a = 0, (2^h − 1)/h
h quotient
1 1 exact
1/2 ≈ 0.828427 rounded
1/4 ≈ 0.756828 rounded
1/8 ≈ 0.724062 rounded
1/16 ≈ 0.708381 rounded
1/32 ≈ 0.700709 rounded
1/64 ≈ 0.696914 rounded
Theorem · The exponential's rateFor each base b > 0 the quotients (b^h − 1)/h for halving h head for a number written ln b. Then the rate of bᵗ at every t is ln b times bᵗ. The base e ≈ 2.71828 is the one with ln e = 1, so (eᵗ)′ = eᵗ.
This is stated and not proved. The factoring above is proved; that the rounded column settles on one number is what the table suggests and the lab shows for each base, and no table of seven rows establishes it for every step. For b = 2 the column heads for ln 2 ≈ 0.693147, the way the quotients of t² headed for 2.
Other bases, and the one where the constant is 1
For b = 3 the first quotient is (3 − 1)/1 = 2, exact, and the column heads for ln 3 ≈ 1.09861. For b = e, entered in the lab as e, every quotient is rounded, since e itself is not a fraction: the first is e − 1 ≈ 1.71828, and the column heads for 1. That is the definition of the number: of all the bases, e is the one for which the exponential's rate is the exponential itself.
The same column at another place
At a = 3, with b = 2, the quotient at h = 1 is (16 − 8)/1 = 8, exactly 2³ times the first entry of the column above. Every later row is 8 times the matching row of that column, so the rate of 2ᵗ at 3 is 8·ln 2 ≈ 5.54518, rounded. The lab's ratio tile divides the last quotient by 2³ and gets back the column at 0.
Why the power rule is not allowed here
Applying the power rule to 2ᵗ would give t·2^(t − 1). At t = 0 that is 0, but the quotients of 2ᵗ at 0 head for ≈ 0.693147. The power rule belongs to a variable base and a fixed exponent. When the variable is in the exponent, the rate is proportional to the function.
A quantity whose rate is a constant multiple of itself is exactly what the equation y′ = k·y says, and this lesson has shown that exponentials have the property. That equation opens the second half of this Subject, in Separable Equations, Growth and Decay.