6.1 Exponential Growth and Decay Date: ______________ Warm-Up Rewrite each percent as a decimal. 1.) 8% 2.) 2.4% 3.) 0.01% 0.08 0.024 0.0001 Evaluate each expression for x = 3. 4.) 2x 5.) 50(3)x 6.) 22x-1 8 1350 32 Exponential Functions An equation of the form y = a•bx Examples y = 2(5)x y = 0.9(4.2)x If b > 1, then the function models exponential growth. If 0 < b <1, then the function models exponential decay. Classify each as exponential growth or exponential decay. 1) y 10(1.04) x 4) y 12(0.97) t Exponential Exponential Growth Decay 2) y 0.8(1 0.3) x Exponential Growth 5) y 15(1 0.6) x Exponential Decay 3) y 7(2) t Exponential Growth 6) y 0.5(4) t Exponential Growth A population of 10 hamsters will triple every year for 4 years. What will be the population after 4 years? a = start value t y = ab b = growth factor t = # of time periods y 10 3 4 y 810 ham sters A population of 1000 bacteria will double every hour. What will be the population after 24 hours? after 5 days? a = start value t y = ab b = growth factor t = # of time periods y 1000 2 24 y 16, 777, 216, 000 bacteria y 1000 2 120 y 1.33 10 39 bacteria Exponential Functions Involving Percent of Increase y = a(1 + r)t a = start value r = % increase t = # of time periods A colony of 10,000 ants can increase by 15% in a month. How many ants will be in the colony after 1 year? 12 y 10, 000(1 .15) y 53, 500 ants A baby weighing 7 pounds at birth may increase in weight by 11% per month for the first 12 months. How much will the baby weigh after 1 year? y 7(1 .11) 12 y 24.5 pounds 1 A deposit of $1500 in an account pays 7 % 4 interest compounded annually. How much will be in the account after 8 years? y 1500(1 .0725) y $2625.85 8 Exponential Functions Involving Percent of Decrease y = a(1 − r) a = start value r = % decrease t = # of time periods t A radioactive material decays at 10% per year. How much of the 12 pound material will be left after 20 years? y 12(1 .10) y 1.46 lbs. 20 Find the value of a downtown office building that cost 12 million dollars to build 20 years ago and depreciated at 9% per year. y 12(1 .09) y 12(.91) 20 20 y 1.82 M illion D ollars