## Math Exponents. . .Whyexponent notation is used

Math Exponents - Why Use Exponent Notation? -

Introduction to Exponents :

An exponent is a shorthand notation which tells how many times a number (or expression) is multiplied by itself.

For example, the number 2 raised to the 3rd power means that the number two is multiplied by itself three times:

The two in the expression is called the base, and the 3 is called the exponent (or power).

The Properties of Exponents (of Real Numbers) - Click Description

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Do you actually need to use math exponents?

The answer is no . People didn't begin to use exponents until a few hundred years ago.

It is OK to multiply out the numbers and use the result . That is what people did until exponents were invented.

In the example shown above, . You can just use the 8 rather than 23 if you wish.

So what is the point of using math exponents?

The primary reason for using exponents is because exponents are shorthand notations which allow us to deal with extremely large and extremely small numbers more easily than using the standard form of a number. In addition, fractional exponents simplify calculations involving radicals.

Exponents make the following common applications possible:

Why use exponents? Exponents make many calculations fast and easy . But again, you can use the standard form of a number if you wish - and forget all about exponents.

For example:

Multiply the following two numbers together:

510 * 56

Finding the result without using exponents is time consuming and tedious:

510
=
5 * 5 * 5 * 5 * 5 * 5 * 5 * 5 * 5 * 5

=
9,765,625

56
=
5 * 5 * 5 * 5 * 5 * 5

=
15,625

9,765,625 * 15,625 = 152,587,890,625 (final answer)

Note: if you have tried to multiply the two numbers shown above, you know that most calculators are not accurate when computing numbers beyond 8 or 10 digits (the numbers are automatically rounded by the calculator). However, you can download an excellent precision calculator which can handle thousands of digits for free at http://download.cnet.com/windows/karenware-com/3260-20_4-10025295-1.html

Finding the result using exponents is fast and easy:

510 * 56
=
510+6

=
516

Math Exponents: impact your day-to-day finances

Although most people may not stop to think about it, exponents impact most routine financial transactions, either directly or indirectly. Banks, credit unions, the government, car dealerships, and other businesses use exponents to calculate interest and penalties.

For example:

When you deposit money in a bank, the bank will use exponents to calculate how much interest you account has earned . If the bank will pay you compound monthly interest on your deposit, the formula used is:

Total \$ in Your Account = ( Original Deposit)( 1+r ) ( m )

r = monthly interest rate entered as a decimal (eg - 1% interest per month would be entered as 0.01); the exponent, m = number of months money is left in the account

If you deposit \$100 in an account which pays 1% compounded interest per month, and leave your money in the account for 14 months, your balance can be calculated as:

Total \$ in Your Account = ( \$100 Deposit)( 1+0.01 ) ( 14 )

= \$114.95