Check out this dialogue between two calculus students (based on a true story):

Devyn
We learned how to take the derivative of , but I wonder how you find the derivative of ?
Riley
That’s easy,
Devyn
I don’t think it is that easy, but you could be right.
Riley
Could be?

To get an idea of how to find the derivative of an exponential function, let’s look at one specific exponential function:

Remember from the definition of the derivative that the derivative of a function at a value is approximated by slopes of secant lines. Let’s look at what is happening with .

Recall that the slope of the secant line between and is

Looking at these, it seems that the derivative of is almost . It turns out that it is a constant multiple of .

If we try the same process with an exponential function to a different base, we will see the same thing occur. Again, the derivative ends up being a constant multiple of the original function.

What is this constant multiple? We will find out in the next few pages, but first, is there a basic exponential function where the constant is exactly 1? There is and we will look at this function next.