8.1.3WhatpatternscanIsee? Total Interest Earned 0 20 40 60 Money Owed 1000 1020 1040 1060 ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Linear and Exponential Growth Patternsintables,graphs,andexpressionsgivecluesaboutthekindof growththatisbeingrepresented.Today,youwillworkwithyourteamto identifywhetheratable,graph,orsituationrepresentssimpleinterestor compoundinterestbasedonthekindofgrowththatisshown.Youwillalso comparethedifferentkindsofinterestinsituationstoseewhichoneisa betterdeal.Bytheendofthislesson,youshouldbeabletoanswer thesequestions: Whatarethepatternsinthetables,graphs,and expressionsforeachkindofinterest? Whatarethedifferencesbetweenthetwokindsofinterest? Howdoesthepatternrelatetohowtheamountsaregrowing? 8-24. John needs to borrow $250. Moneybags Municipal Bank will charge him 8% simple interest each week to borrow the money. Scrooge Savings will charge him 6% compound interest each week. With your team, help John decide which loan is the better choice. a. Make a table for each bank. The tables should show the amount John owes after each week for 12 weeks. b. Graph both tables on the same set of axes. c. Which bank will charge him more if he pays the loan back in 12 weeks? Should he choose the same bank if he plans to pay back the loan in just 4 weeks? d. Simple interest is an example of linear growth, and compound interest is an example of exponential growth. Talk with your team about how you could explain to someone else the difference between the two kinds of growth. 8-26. The table at right represents the balance in Devin’s bank account for the last five months. Has Devin been earning simple interest or compound interest? How do you know? Time Balance (months ($) ) Imari borrowed money from her uncle to buy a new bicycle. She made the graph at right to show how much interest she will need to pay him if she pays back the loan at different points in time. a. 257.50 1 263.25 2 269.00 3 274.75 4 280.50 5 286.25 y About how much interest will Imari owe her uncle if she pays him back in 3 months? When will she owe him $40 in interest? b. Is Imari’s uncle charging her simple or compound interest? Justify your answer. How would the graph be different if he was charging her the other type of interest (simple or compound)? 0 Interest($) 8-25. x Time(months) 8-27. Tom has a choice between borrowing $250 from his grandmother, who will charge him simple interest, or borrowing $250 from the bank, which will charge him compound interest at the same percentage rate. He plans to pay off the loan in 8 months. He wrote the two expressions below to figure out how much he would owe for both loan options. 250(1.02)8 a. 250 8(5.00) What percent interest will he be charged? Where can you see the rate (percent) in each expression? b. Which expression represents the amount he would owe his grandmother? Which one represents what he would owe the bank? c. Evaluate each expression. Should he borrow the money from his grandmother or from the bank? 8-28. Additional Challenge: Four years ago, Spencer borrowed $50 from his cousin, who charged him simple interest each year. If Spencer pays his cousin back $62 today, what annual interest rate did his cousin charge? Could you figure this out if he had been charged compound interest instead? 8-29. LEARNING LOG How can you describe the differences between simple and compound interest? In your Learning Log, write down what each kind of interest looks like in a table, on a graph, and in an expression. Be sure to answer the questions given at the beginning of the lesson (reprinted below). Title this entry “Simple and Compound Interest” and include today’s date. Whatarethepatternsinthetables,graphs,andexpressionsforeach kindofinterest? Whatarethedifferencesbetweenthetwokindsofinterest? Howdoesthepatternrelatetohowtheamountsaregrowing? 7.1.1 What do exponential graphs look like? •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Investigating In this lesson you will investigate the characteristics of the family of functions . As a team, you will generate data for various functions in this family, form questions about your data, and answer each of these questions using multiple representations. Your team will show what you have learned on a stand-alone poster. 7-1. BEGINNING TO INVESTIGATE EXPONENTIALS y In Chapter 5, you graphed several exponential functions. Some graphs, like those that modeled the rabbit populations in problem 5-4, were increasing exponential functions and looked similar to the two exponential functions graphed at right. x y Other graphs, such as the rebound-height graphs from the bouncing ball activity (problem 5-20), represented decreasing exponential functions and looked similar to the third curve, shown in bold at right. You already know that equations of the form represent the family of lines, and you know what effect changing the parameters m and b have on the graph. Today you will begin to learn more about the exponential function family. In their simplest form, the equations of exponential functions look like . By experimenting with different values of b, find three equations in form that have graphs appearing to match the three graphs shown above. Confirm your results using your graphing calculator and be ready to share your results with the class. x 7-2. INVESTIGATING , Part One What types of graphs exist for equations of the form ? Your Task: With your team, try different values of b to try to find as many different looking graphs as possible. (Stick to small values of b, for example, less than 10. Keep the window on your calculator set from –10 to 10 in both the x and y direction.) Decide as a team what different values of b to try so that you find as many different looking graphs as possible. Be sure to keep track of what you have tried with a sketch of the resulting graph so that you may refer to it later. Use the questions listed in the “Discussion Points” section below to help get you started. What special values of b should we consider? Are there any other values of b we should try? How many different types of graphs can we find? How do we know we have found all possible graphs? y 7-3. The graph of the function right. a. is shown at Describe what happens to y as x gets bigger and bigger. For example, what is y when x = 20? x = 100? x = 1000? x = (a much larger number)? b. Does the graph of have an x-intercept? Explain how you know. c. approaches the x-axis. When x is very large, the graph of That is, as x gets larger and larger (farther to the right along the curve), the closer the curve gets to the x-axis. In this situation, the . You can read more x-axis is called an asymptote of about asymptotes in the Math Notes box at the end of this lesson. x Does have a vertical asymptote? In other words, is there a vertical line that the graph above approaches? Why or why not? 7-4. INVESTIGATING , Part Two Now that you, with your class, have found all of the possible graphs for , your teacher will assign your team one or two of the types of graphs to investigate further. Completely describe the graphs. Use the “Discussion Points” section below to guide your investigation of this graph. Look for ways to justify your summary statements using more than one representation (equation, table, graph). As a team, organize your graphs and summary statements into a standalone poster that clearly communicates what you learned about your set of graphs. Be sure to include all of your observations along with examples to demonstrate them. Anyone should be able to answer the questions below after examining your poster. Use colors, arrows, labels, and other tools to help explain your ideas. How can you describe the shape of the graph? What happens when x gets larger? What happens when x gets smaller? How does changing the value of b change the graph? Which aspects of the graph do not change? Are there any special points? Can they be explained with the equation? Does the graph have any symmetry? If so, where? 7-5. 7-6. Exponential functions have some interesting characteristics. Consider functions of the form as you discuss the questions below. a. are defined only for . Exponential functions such as Why do you think this is? That is, why would you not want to use negative values of b? b. Can you consider or to be exponential functions? Why or why not? How are they different from other exponential function? LEARNING LOG Look over your work from this lesson. What questions did you ask yourself as you were making observations and statements? How does changing the value of b affect a graph? What questions do you still have after this investigation? Write a Learning Log entry describing what mathematical ideas you developed during this lesson. Title this entry “Investigating ” and label it with today’s date. ETHODS AND MEANINGS MATH NOTES Graphs with Asymptotes A mathematically clear and complete definition of an asymptote requires some ideas from calculus, but some examples of graphs with asymptotes might help you recognize them when they occur. In the following examples, the dotted lines are the asymptotes, and their equations are given. In the two lower graphs, the y-axis, , is also an asymptote. y y y=3 y=5 x y x=2 y = x2 x y x y=x x As you can see in the examples above, asymptotes can be diagonal lines or even curves. However, in this course, asymptotes will almost always be horizontal or vertical lines. The graph of a function has a horizontal asymptote if, as you trace along the graph out to the left or right (that is, as you choose x-coordinates farther and farther away from zero, either toward infinity or toward negative infinity), the distance between the graph of the function and the asymptote gets closer to zero. A graph has a vertical asymptote if, as you choose x-coordinates closer and closer to a certain value, from either the left or right (or both), the y-coordinate gets farther away from zero, either toward infinity or toward negative infinity. 5.2.1 How can I undo an exponential function? Finding the Inverse of an Exponential Function When you first began investigating exponential functions, you looked at how their different representations were interconnected, as in the web at right. So far in this Graph chapter, you have considered how functions and their inverses are related in different representations including equations, x y tables, and graphs. What would the inverse equation for each of the parent functions you worked with in Chapter 2 look like in each representation? Table Equation Context As you work with your team today, ask each other these questions: What does the parent function look like in this representation? How can that help us see the inverse relation? Would another representation be more helpful? How can we describe the relationship in words? 5-55. So far, you have worked with eight different parent graphs: i. y x2 ii. y x 3 y x v. y x vi. y 1 x iii. yx iv. vii. y bx viii. x 2 y2 1 a. For each parent, find its inverse, if possible. If you can, write the equation of the inverse in y = form. Include a sketch of each parent graph and its inverse. Remember that you can use the DrawInv function on your graphing calculator to help test your ideas. b. Are any parent functions their own inverses? Explain how you know. c. Do any parent functions have inverses that are not functions? If so, which ones? 5-56. THE INVERSE EXPONENTIAL FUNCTION There are two parent functions, y x and y b x , that have inverses that you do not yet know how to write in y = form. You will come back to y x later. Since exponential functions are so useful for modeling situations in the world, the inverse of an exponential function is also important. Use y 3x as an example. Even though you may not know how to write the inverse of y 3x in y = form, you already know a lot about it. 5-57. a. You know how to make an x y table for the inverse of y 3x . Make the table. b. You also know what the graph of the inverse looks like. Sketch the graph. c. You also have one way to write the equation based on your algebraic shortcut that you used in part (d) of problem 5-40. Write an equation for the inverse, even though it may not be in y = form. d. If the input for the inverse function is 81, what is the output? If you could write an equation for this function in y = form, or as a function g(x) , and you put in any number for x, how would you describe the outcome? AN ANCIENT PUZZLE Parts (a) through (f) below are similar to a puzzle that is more than 2100 years old. Mathematicians first created the puzzle in ancient India in the 2nd century BC. More recently, about 700 years ago, Muslim mathematicians created the first tables allowing them to find answers to this type of puzzle quickly. Tables similar to them appeared in school math books until recently. Here are some clues to help you figure out how the puzzle works: log 2 8 3 log 3 27 3 log 5 25 2 log10 10, 000 4 Use the clues to find the missing pieces of the puzzles below: a. log 2 16 ? b. log 2 32 ? c. log? 100 2 d. 5-58. 5-59. log 5? 3 log? 81 4 e. f. How is the Ancient Puzzle related to the problem of the inverse function for y 3x in problem 5-56? Show how you can use the idea in the Ancient Puzzle to write an equation in y = form or as g(x) for the inverse function in problem 5-56. THE INVERSE OF ABSOLUTE VALUE a. Find the inverse equation and graph of y 2 x 1 . b. Although you know how to find the table, graph, and equation for the inverse of absolute value, this is another function whose inverse equation cannot easily be written in y = form. In fact, there is no standard notation for the inverse of the absolute value function. With your team, invent a symbol to represent the inverse, and give examples to show how your symbol works. Be sure to explain how your symbol handles that fact that the inverse of y x is not a function or explain why it is difficult to come up with a reasonable notation. 5-60. In problem 5-56, you looked at the inverse of y 3x . Finish investigating this function. 5-61. Consider the function f (x) 5-62. log100 10 ? 2 7 x . a. What is f (7) ? b. What is the domain of f (x) ? c. If g(x) 2x 5 , what is g(3) ? d. Now use the output of g(3) as the input for f to calculate f (g(3)) . Amanda wants to showcase her favorite function: f (x) 1 x 5 . She 3.1.3 Can two transformations be equivalent? •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Stretching Exponential Functions (and your brain) Atthispointinyourmath‐learningcareeryouhaveadvancedtothecoursesthat studentsgenerallyonlytakeiftheyintendtogoontocollege.Ifyouareinterested inmathematics,thesciences,orengineering,thetopicscoveredinthisclasswillbe essential.But,thereisagoodreasonforstudyinghardinthisclassevenifyou intendtoneverseeanothermathcourseinyourlife:Studyingmathematicsisan excellentwaytolearntothinkwell,andeveryprofessionwantspeoplewhocanthink carefullyandproblem‐solvewhentheyneedto. Inthelastfifteenyears,muchresearchhasbeendoneontwotopicsthatare especiallyrelevanttostudyingmath.First,neurologistshavedemonstrated (contrarytowhatwasthoughtevenafewyearsago)thatyourbrainwillgrownew neuralconnectionsatanyage,ifyouuseitinnewwaystolearnnewwaysofthinking. Itissomewhatlikeliftingweightstodevelopmusclesthatcanbeusedeitherwhen playingtennisorfootball,orsimplywhileworkingatajob.Theanalogyisnotexact, musclesdevelopdifferentlythanabraindoes,buttheideaisthesame:ifyou exerciseit,itwillimprove. Second,andthisisthemostimportantfact, mathabilityisnotsomehowmagicallyfixed atbirth:youcanalwaysdobetterifyoutry. Thereisnolistwrittenintheskythatsays thatMaryis,andalwayswillbe,betteratall maththanJamie.JustasMarycanget betteratshootingbasketsifshetries,so canJamie.AndJamiecangetbetteratmath thanMary.Itisallintheeffort.Some peoplelearnthingsmorequicklythan others,ofcourse,buteveryoneatthislevel canlearnthismath. Whatdoesexercisingyourbrainmean?Basically,itmeanstryingtolearninaway thatmakesconnections.Yourbrainphysicallygrowsbothnewneuronsandnew connectionsbetweenneurons.Atthesametime,youneedtotrytomake connectionsbetweenthenewideasyouareseeingandtheideasyoualready understand.Whenyoustudyproportions,youcanconnectitto,say,linear equationsandnoticethataproportionisaspecialkindoflinearequation.Making thisintellectualconnectionhelpswithbuildingthesebrainconnectionsandmore importantly,itreduceshowmuchyouneedtoremember.Numerousstudieshave shownthatpeoplewhohavelotsofconnectionsintheirbrainonaspecifictopicuse lessoftheirbrainwhenworkingonaprobleminthatspecificarea.Theinferenceis thatyoucan“chunk”informationintolargerpiecesandthengototherightpiece whenyouneedtoselectone. Wewilltalkmoreaboutdevelopingyourbrainduringthiscourse,butforrightnow rememberthatmakinganefforttounderstandwillhelpyounotonlyinthisclass,but ineveryfutureclassyoutakeandinlifeaswell. InLesson3.1.1,youinvestigatedandcomparedhorizontalandverticalstretches. Youcannowshiftandstretchgraphsbothhorizontallyandvertically.Inthislesson youwillseehowtwodifferenttransformationsofexponentialfunctionscanbe equivalent. 3-31. Can two different transformations give the same result? Consider the parent graph f (x) x 2 . a. f (2x) (2x)2 . Describe the transformation from f (x) . b. Find a value of a so that f (2x) ax 2 . c. Describe the transformation of g(x) ax 2 from f (x) . d. Does f (2x) g(x) 4 f (x) ? Using algebra, justify your answer. It is not enough to say they “look” the same. e. Can two different transformations give the same result? Do you think this equivalence of transformations will be true for all functions f (x) ? Inworkingwithexponentialfunctions,itisnotsurprisingthatwewillneedto useexponentlaws.Ifyoucan’tfillinthefollowingblanks,youshouldreview themnow. x ab =__.__. 3-32. Now we want to consider the graphs of exponential functions. Let g(x) 3 2 x . 3-33. a. Describe g(x) as a transformation of y 2 x . b. Sketch the graphs of y 2 x and g(x) on the same axes. Label each graph with its equation. c. Find the y-intercept of g(x) . Consider h(x) 3 2 x 1 . a. Describe h(x) as a transformation of y 2 x . b. Sketch the graph of h(x) . c. What is the equation for the horizontal asymptote? d. What is the y-intercept? e. What would be the y-intercept for y A 2 x B ? 3-34. Using the laws of exponents to show that 2 3x1 6 3x . 3-35. Consider k(x) 3 2(x2) . 3-36. a. Describe the transformation from y 2 x to y k(x) . b. What is the y-intercept of y k(x) ? c. Find an exponential function in the form m(x) A 2 x with the same y-intercept as part (b) above. d. Is m(x) k(x) ? Justify your answer. Let f (x) 3 4 x . Use the laws of exponents to explain why each of the following equations is true. a. b. 16 f (x) f (x 2) f (x) 4 f (x – 1) 3-37. Using the laws of exponents to solve for A: 6 4 x2 A 4 x . 3-38. One way to write a general equation for exponentials is xh y a b k . This form can be converted to remove the “– h” from the exponent, as you will prove in a moment. As you saw in problem 3-35, for an exponential function, every horizontal shift is equivalent to a vertical stretch. To see what we mean, look at the diagrams below. Discuss them with your team to be sure you see what is going on. y Hereisa typical increasing exponential function‐‐‐‐‐‐‐> x y Thesamecurve canbeobtained‐‐‐‐> bySTRETCHING theoriginalgraph vertically. y Thiscurvecanbe <‐‐‐‐‐‐‐‐‐‐‐ obtainedby‐‐‐‐‐‐‐‐> <‐‐‐‐‐‐‐‐‐‐‐ movingthe originalgraph <‐‐‐‐‐‐‐‐‐‐‐ totheLEFT. <‐‐‐‐‐‐‐‐‐‐‐ y 8 2x <‐‐‐‐‐‐‐‐‐‐‐ x The diagrams help us to understand, but they do not prove the two are equivalent. Let’s look at the algebraic proof. Consider a typical exponential function y b x . We can move it horizontally “h” units to the left by writing y b xh . We can stretch it vertically by writing y a(b x ) . We need to use algebra to show that we can start with an x equation in y b xh form and turn it into another one that is in y a(b x ) form. Here is the proof: b xh b x b h Why is this a true statement? Now b h is just a number. Let’s call it a for short. Then b x b h b x a (or a b x ), which is what we wanted to get. 3-39. 3-40. Now try following the steps in problem 3-38 to rewrite an equation. a. Start with y 7 x 3 and rewrite that equation in y a(b x ) form. b. Try this method on a more complicated example: Let y 12(5 x2 ) 7 (three transformations of y 5 x ). Rewrite the equation in the simpler form y a(b x ) k (only two transformations of y 5 x ). c. Record the fact that y a(b xh ) k (three transformations of y b x ) is equivalent to y A(b x ) k (two transformations of y b x ) into your Tool Kit. If the exponent is a linear function of x, the expression can be rewritten with just x as the exponent by using the properties of exponents. Example: Write 5(2)3x2 in the form A(b) x . Solution: 5(2)3x2 5(2)3x (2)2 5 4 (2 3 ) x 54 (8)x Write in the form A(b) x . a. 3-41. 5 2x b. 32 x 3 Using the laws of exponents, solve for A in each of the following equations. a. 5 3 x2 A 3x b. 1 25 c. 16 2 x 4 A 2 x d. 1 3(x2) 3 5(x4) A 5 x A 3x 6.1.1 What is e? ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Exponential Functions 6-1. 6-2. 6-3. 6-4. Suppose you deposit $1 at 100% annual interest (hard to get these days!). To the nearest cent, how much will you have at the end of one year if the interest is compounded: a. Once a year? b. Once a month? c. Once a day? d. n times a year? Yong Li is looking for a really good bank in which to deposit $1. Her friend, Loutfi, just heard some wonderful news. For a limited time only, Megabux Bank is offering 100% annual interest, compounded continuously! a. Yong Li knows that for any given interest rate, there is a maximum amount of money that can be earned in one year, no matter how often the interest is compounded. Use your calculator to determine this maximum amount, to the nearest cent. b. Without rounding, the answer to part (a) is a special number that has its own symbol: e. The first person to use the symbol “e” was Leonhard Euler (1706-1783) (pronounced “oiler”). Using n for the number of times per year that the interest is compounded, express e using limit notation. c. Evaluate this limit to as many decimal places as you can. ALL ABOUT e a. Since e is so important, your calculator has a key for it. Obtain the value of e using this key and compare this with your answer to part (c) of the previous problem. The number e is frequently used as the base of an exponential function. Use your calculator to evaluate e2. b. What is lim 1 + ( n→∞ ) 1 nx ? n At this point, it is natural to ask how y = ex changes. In fact, the derivative of y = ex is very special. d dx (e x ) using the definition of a derivative as a limit. a. Rewrite b. Use your calculator to approximate the derivative. c. Why is this derivative so special? Chapter 6: More Tools and Theorems 267 6-5. As you know, e is a frequently used base of exponential functions. What about exponential functions with other bases? What is the shape of the graphs of their derivatives? Using the definition of a derivative as a limit, we can investigate derivatives of exponential functions further. a. Use the definition of a derivative as a limit and your calculator to approximate a derivative function for y = 2x. How does the shape of the graph of y = 2x relate to the shape of its derivative graph? b. Use this technique to estimate related? c. d (2 x ) d (3x ) d (e x ) Graph y = dx , y = dx , and y = dx on the same set of axes. Using your d (e x ) results from parts (a) and (b), explain why the graph of y = dx lies in between the other two curves. d dx (3x ) . How are the graphs of y = 3x and y = d dx (3x ) 6-6. d (b x ) = (some constant) ⋅ b x In the previous problem you saw that dx , for b = 2, 3, …. When b = 2, the constant is approximately 0.693; when b = 3, the constant is approximately 1.099. For what value of b is the constant 1? 6-7. Although you may have a conjecture from the previous problem, you can analytically determine this value of b. d dx (b x ) using the definition of a derivative as a limit. a. Write an expression for b. Factor out bx. Let c. Explain why b = e when h → 0. You may wish to refer to the following Math Notes box. b h −1 h = 1 , our constant, and solve for b. M ATH N OTES STOP All About “e” and ex ( n→∞ The constant e is defined as a limit: e = lim 1 + ) 1 n n or e = lim (1 + n)1/n n→0 The constant e arises frequently in mathematics. In fact, it is most often used as the base of an exponential function, y = ex, which is y ≈ (2.71828)x. In calculus, the reason for the importance of e d ex = ex . is that dx 268 Calculus
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