1. The document defines exponential functions and transformations of exponential functions. It provides examples of how exponential functions model population growth, exponential decay, and compound interest.
2. Exponential population growth is modeled as P(t) = P0 * k^t, where P0 is the initial population and k is the growth rate. Exponential decay models the reduction of a quantity over time, such as radioactive decay.
3. Compound interest is modeled exponentially, where the interest earned each period is added to the principal and also earns interest in subsequent periods. This results in faster growth compared to simple interest.
1. The document defines exponential functions and transformations of exponential functions. It provides examples of how exponential functions model population growth, exponential decay, and compound interest.
2. Exponential population growth is modeled as P(t) = P0 * k^t, where P0 is the initial population and k is the growth rate. Exponential decay models the reduction of a quantity over time, such as radioactive decay.
3. Compound interest is modeled exponentially, where the interest earned each period is added to the principal and also earns interest in subsequent periods. This results in faster growth compared to simple interest.
1. The document defines exponential functions and transformations of exponential functions. It provides examples of how exponential functions model population growth, exponential decay, and compound interest.
2. Exponential population growth is modeled as P(t) = P0 * k^t, where P0 is the initial population and k is the growth rate. Exponential decay models the reduction of a quantity over time, such as radioactive decay.
3. Compound interest is modeled exponentially, where the interest earned each period is added to the principal and also earns interest in subsequent periods. This results in faster growth compared to simple interest.
1. The document defines exponential functions and transformations of exponential functions. It provides examples of how exponential functions model population growth, exponential decay, and compound interest.
2. Exponential population growth is modeled as P(t) = P0 * k^t, where P0 is the initial population and k is the growth rate. Exponential decay models the reduction of a quantity over time, such as radioactive decay.
3. Compound interest is modeled exponentially, where the interest earned each period is added to the principal and also earns interest in subsequent periods. This results in faster growth compared to simple interest.
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Example 1:
Complete a table of values for
for the exponential functions , and . EXPONENTI AL FUNCTION Definition: Exponential Function An exponential function with base is a function of the form or , where , . Definition: Transformation Let be a positive number not equal to . A transformation of an exponential function with base is a function of the form
where are real numbers.
Many applications involve transformations of exponential functions. Some of the most common applications in real-life of exponential functions and their transformations are population growth, exponential decay, and compound interest. (a) Population Growth Example 2: Let in hours. At , there were initially 20 bacteria. Suppose that the bacteria doubles every 100 hours. Give an exponential model for the bacteria as a function of . (a) Exponential Model of Population Growth Suppose a quantity doubles every units of time. If is the initial amount, then the quantity after units of time is given by . (b) Exponential Decay Definition: The half-life of a radioactive substance is the time it takes for half of the substance to decay.
EXAMPLE 3. Suppose that the half-life of a certain
radioactive substance is 10 days and there are 10g initially, determine the amount of substance remaining after 30 days. (a) Exponential Model of Half-life (c) Compound Interest A starting amount of money (called the principal) can be invested at a certain interest rate that is earned at the end of a given period of time (such as one year). If the interest rate is compounded, the interest earned at the end of the period is added to the principal, and this new amount will earn interest in the next period. The same process is repeated for each succeeding period: interest previously earned will also earn interest in the next period. (c) Compound Interest Compound Interest: (c) Compound Interest EXAMPLE 4. Mrs. De la Cruz invested P100,000 in a company that offers 6% interest compounded annually. How much will this investment be worth at the end of each year for the next five years? Natural Exponential Function The natural exponential function is the function . Seatwork:1 whole sheet of paper: copy and answer 1. You take out a loan at a interest rate. If the interest is compounded annually, (a) give an exponential model for the situation, and (b) how much will you owe after 10 years? 2. A population starts with individuals and triples every 80 years. (a) Give an exponential model for the situation. (b) What is the size of the population after 100 years? 3. Suppose that the half-life of a substance is 250 years. If there were initially 100 g of the substance, (a) give an exponential model for the situation, and (b) how much will remain after 500 years?