A28­1Notes.notebook October 27, 2015 Algebra 2 Ch.8 Notes Page 45 P45 8­1 Exploring Exponential Models Aug 19­6:20 AM Exponential Functions y = ab x x is a real number a≠0, b > 0, b ≠ 1 y = (2)3 x Nov 3­9:22 AM 1 A28­1Notes.notebook October 27, 2015 Growth and Decay y = abx If 0 < b < 1, b is the Decay Factor y = (1).5x If b > 1, b is the Growth Factor y = (1)2x Nov 18­8:38 AM Population Growth Example In 2000, the annual rate of increase in the U.S. population was about 1.24%. Suppose the rate of increase continues to be 1.24%. Write a function to model U.S. population growth, in millions, after the year 2000. (In 2000, there were 281 million people in the U.S.) (2000 would be year Zero) Growth Factor (b = 1 + rate of growth) Nov 18­8:48 AM 2 A28­1Notes.notebook October 27, 2015 Writing an Exponential Function from 2 points x y = ab Given: (2,2) and (3,4) Solve for a ­ Use (2,2) Solve for b ­ Use (3,4) and a Solve for a again ­ Use b Given: (2,4) and (3,16) Nov 18­8:52 AM Decay Example Basketball Tournament x y = ab 64 teams Single Elimination Tournament Nov 18­9:01 AM 3 A28­1Notes.notebook October 27, 2015 Depreciation Loss of Value over Time y = abx The initial value of a car is $20,000. After one year the value of the car is about $17,000. Write an Exponential Function to model the situation. Find the value of the car in year 6. Growth Factor (b = 1 + (r) rate of growth) r = Final Value ­ Initial Value Initial Value Nov 18­9:02 AM Analyzing a Fuction y = abx a is the y­intercept when x = 0, b0 = 1, so y = a b indicates if the function is growth or decay b > 1 Growth 0 < b < 1 Decay An Asymptote is a line that a graph approaches as x or y increases in absolute value. y = 0 is a horizontal asymptote Nov 18­8:59 AM 4 A28­1Notes.notebook October 27, 2015 HW #46 8­1 P434 #1,2,9­11,16­19,24,25,32,35 Please put your name and class period at the top of the homework. Also include the homework number. Aug 19­6:25 AM 5