Day 2 GRAPHING EXPONENTIALS AND LOGS An exponential function is a function with the general form of: y = abx where x is a real number, a ≠ 0, b > 0, and b ≠ 1. Graphing Exponential Equations y = 2x x y -3 -2 -1 0 1 2 3 EXPONENTIAL GROWTH y = a • bx time initial amount growth factor (1+r) Ex. The population of the US in 1994 was about 260 million with an average annual rate of increase of about 0.7%. 1. Write a function to model this population. 2. What was the population in 2006? Modeling growth The bear population increases at a rate of 2% per year. There are 1573 bears this year. Write a function that models the bear population. How many bears will there be in 10 years? Exponential Decay: y = a(1-r)t Suppose you want to buy a used car that costs $11,800. The expected depreciation of the car is 20% per year. Estimate the depreciated value of the car after 6 years. More Decay….. The population of a certain animal species decreases at a rate of 3.5% per year. You have counted 80 animals in the habitat. Write the equation. Ex: Analyzing a Function Without graphing, determine whether the function y = 14(0.95)x represents exponential growth or exponential decay. Without graphing, determine whether the function y = 0.2(5)x represents exponential growth or exponential decay. Graphing Exponential Decay y = 24(1/3)x Horizontal Asymptote Domain x -3 -2 -1 0 Range 1 2 3 y Graphing Exponential Decay y = 100(0.1)x x Horizontal asymptote Domain Range -3 -2 -1 0 1 2 3 y Graph and give asymptote, domain and range. 1 x y (2) 2 Translating y = abx y =8(1/2)x y = 8(1/2)x+2 +3 Translating y = abx y =2(3)x-1 + 1 y = -3(4)x+1 +2 Homework Pg. 296 (1-14, 29-34)