Other properties of exponential functions: 1. Exponent Laws: x a a x a y a x y , y a x y , (a x ) y a xy , a x a a (ab) x a xb x , ( ) x x b b 32 x For example, 5 x 3 2. If a 1, then a x a y if and only if x = y For example, if 6 5t 1 6 3t 3 , then 3. If a 1, b 1 and x 0, then a x b x if and only if a b For example, if a 4 2 4 , then A special exponential function: base = e, where e is an irrational number: e 2.718281828459... See graph: Example 1 Solve for x: 1) 7 x2 7 2 x 3 2) 2 xe x x 2 e x 0 1 x 1 Example 2 Graph g ( x) e by 2 transformations to the graph of f ( x) e x Application Problems r mt Compound interest: A P(1 ) , where m A is the future value, P is the principal, r is the interest rate, m is the number of compound times per year, t is the time in years. Continuous Compound interest: A Pe rt , where A, P, r, t stand for the same as the previous formula. Example 3 (compound growth) If $1,000 is invested in an account paying 6% compounded quarterly, how much will be in the account at the end of 10 years? Round the answer to nearest cent. Solution: r mt .06 10 ( 4) A P(1 ) 1000(1 ) 1814.02 m 4 (So the interest is 1814.02 – 1000 = 814.02) Example 4 (continuous compound interest) If $1,000 is invested in an account paying 6% compounded continuously, how much will be in the account at the end of 10 years? Round the answer to nearest cent. Solution: A Pe rt 1000e.06 (10 ) 1822.12 (Compare to last example, which one earns more interest?) Section 2-6: Logarithmic Functions Inverse functions and their graphs Recall: one of our basic functions is cubic function: y x 3 , if we switch x and y, we get x y 3 , solve for y we get: y 3 x is called inverse function of y x 3 . Let’s compare the graphs of these two functions: Note: only __________________ functions have inverse functions! To determine whether a function is one-toone, we may use _______________________ Logarithmic functions and their graphs Is y 2 x one-to-one? To find inverse: switch x and y: x 2 y , the corresponding inverse function is called logarithmic function, denoted y log 2 x , i.e., y log 2 x (logarithmic form) is equivalent to x 2 y (exponential form). See the graphs: If the base is ½, the graphs are like these: Generally, y log b x (still, b > 0 and b 1 ) is equivalent to x b y , i.e., logarithmic function y log b x and exponential function y b x are inverse of each other. The domain of y log b x is (0, ) and the range is (, ) . (see graph) Or you may write in opposite order: For example, you may write 6 2 36 in logarithm form_____________________, and write log 3 1 0 in exponential form______________________________ Example 1. Solve for x, y or b without a calculator. 1) log 2 x 2 2) log 3 27 y 3) log 25 x 1 / 2
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