#3 Exponential Functions Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Quick Review In Exercises 1- 3, evaluate the expression. Round your answers to 3 decimal places. 2 3 1. 5 3. 3- 1.5 2. 3 2 In Exercises 4 - 6, solve the equation. Round your answers to 4 decimal places. 4. x 3 = 17 6. x10 = 1.4567 5. x 5 = 24 Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 2 Quick Review In Exercises 7 and 8, find the value of investing P dollars for n years with the interest rate r compounded annually. 7. P = $500, r = 4.75%, n = 5 years 8. P = 1000, r = 6.3%, n = 3 years In Exercises 9 and 10, simplify the exponential expression. 2 9. (x - 3 y 2 ) 3 3 (x y ) 4 Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall 2 - 1 4 - 2ö æa 3b- 2 ö æ a c ÷ ÷ ç ç 10. ç 4 ÷ ÷ ÷ çè c ø ÷ èçç b3 ø÷ ÷ Slide 1- 3 Quick Review Solutions In Exercises 1 - 3, evaluate the expression. Round your answers to 3 decimal places. 2 3 1. 5 3. 3- 1.5 2.924 2. 3 2 4.729 0.192 In Exercises 4 - 6, solve the equation. Round your answers to 4 decimal places. 4. x 3 = 17 6. x10 = 1.4567 ± 1.0383 2.5713 5. x 5 = 24 Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall 1.8882 Slide 1- 4 Quick Review Solutions In Exercises 7 and 8, find the value of investing P dollars for n years with the interest rate r compounded annually. 7. P = $500, r = 4.75%, n = 5 years $630.58 8. P = 1000, r = 6.3%, n = 3 years $1201.16 In Exercises 9 and 10, simplify the exponential expression. 9. 2 2 (x y ) 4 3 3 x ( y) - 3 1 x18 y 5 2 - 1 æa 3b- 2 ö æa 4 c- 2 ö÷ ÷ çç 10. çç 4 ÷ ÷ ÷ çè c ø ÷ èç b3 ø÷ ÷ Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall a2 bc 6 Slide 1- 5 What you’ll learn about… Exponential Growth Exponential Decay Applications The Number e …and why Exponential functions model many growth patterns. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 6 Exponential Function Let a be a positive real number other than 1. The function f ( x) = a x is the exponential function with base a. The domain of f ( x) = a x is (- ¥ , ¥ ) and the range is (0, ¥ ). Compound interest investment and population growth are examples of exponential growth. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 7 Exponential Growth If a 1 the graph of f looks like the graph of y= 2 x in Figure 1.22a Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 8 Exponential Growth If 0 a 1 the graph of f looks like the graph of y = 2- x in Figure 1.22b. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 9 Rules for Exponents If a > 0 and b > 0, the following hold for all real numbers x and y. x 1. a x ×a y = a x + y 4. a x ×b x = (ab) ax 2. y = a xa x æa ö a 5. çç ÷ ÷ ÷ = bx çè b ø 3. (a x y x y y x ) = (a ) = a xy Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 10 Half-life Exponential functions can also model phenomena that produce decrease over time, such as happens with radioactive decay. The half-life of a radioactive substance is the amount of time it takes for half of the substance to change from its original radioactive state to a non-radioactive state by emitting energy in the form of radiation. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 11 Exponential Growth and Exponential Decay The function y = k ×a x , k > 0, is a model for exponential growth if a > 1, and a model for exponential decay if 0 < a < 1. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 12 Example Exponential Functions Use a grapher to find the zero's of f (x)= 4x - 3. f (x)= 4 x - 3 [-5, 5], [-10,10] Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 13 The Number e Many natural, physical and economic phenomena are best modeled by an exponential function whose base is the famous number e, which is 2.718281828 to nine decimal places. x æ 1÷ ö ç We can define e to be the number that the function f (x )= ç1 + ÷ çè x ÷ ø approaches as x approaches infinity. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 14 The Number e The exponential functions y = e x and y = e- x are frequently used as models of exponential growth or decay. Interest compounded continuously uses the model y = P ×e r t , where P is the initial investment, r is the interest rate as a decimal and t is the time in years. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 15 Example The Number e The approximate number of fruit flies in an experimental population after t hours is given by Q (t )= 20 e 0.03 t , t ³ 0. a. Find the initial number of fruit flies in the population. b. How large is the population of fruit flies after 72 hours? c. Use a grapher to graph the function Q. a. To find the initial population, evaluate Q (t ) at t = 0. Q (0)= 20e 0.03(0) = 20e0 = 20 (1)= 20 flies. b. After 72 hours, the population size is Q (72)= 20e 0.03(72) = 20e 2.16 » 173 flies. c. Q(t )= 20e0.03t , t ³ 0 [0,100] by [0,120] in 10’s Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Prentice Hall Slide 1- 16
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