Exponential Growth and Decay Section 6.1 Given x = 2, y = ½, and z = 4.1 • • • • • Evaluate each expression: 1.) 3y 2.) 42z 3.) 10(2)y+2 4.) -5yz • You can use a calculator to model the growth of 25 bacteria, assuming that the entire population doubles every hour. Time 0 (hr) Popula 25 tion 1 2 3 4 5 6 ? ? ? ? ? ? • Some things grow or decay at an exponential rate rather than a steady (linear) rate. • This means they grow or decay very rapidly. • To find the amount after a certain time period you must know 3 things: – 1. original amount – 2. growth/decay rate – 3. Time period of growth/decay • Use this basic expression to write an expression for exponential growth/decay. • (Original population)(growth)number of time periods • Ex. The 25 bacteria in the original problem doubles every hour, find the number of bacteria after 10 hours • Original population = 25 • Growth = 2 (since it doubles) • Time periods = 10 (since it doubles each hour) • Expression: 25 210 • Population after 10 hours = 25, 600 • Ex. 2 If 50 bacteria triple every 3 hours, find the number of bacteria after 12 hours. • Original amount = 50 • Growth = 3 • Time periods = 4 (every 3 hours it triples 12/3 = 4) • Expression: 50 34 • Answer: 4050 • Ex. 3 200 bacteria double every 15 minutes, find the amount after 1.5 hours. • Original amount: 200 • Growth: 2 • Time period: 6 (90 minutes/ 15 minutes) • Expression: 200 26 • Answer: 12, 800 • Ex. 4 100 bacteria triple every 2 hours. Find the amount after 5 hours. • Original = 100 • Growth = 3 • Time periods = 5/2 5 • Expression : 100 32 • Answer 1558.845… rounds to 1559 From yesterday, • Use this basic expression to write an expression for exponential growth/decay. • (Original population)(growth)number of time periods • Assuming an initial population of 100 bacteria, predict the population of bacteria after n hours if the population doubles. • The population after n hours can be represented by the following exponential expression: 100 2n • 100 2n is called an exponential expression because the exponent, n, is a variable and the base, 2, is a fixed number. • The base of an exponential expression is called the multiplier. To find a multiplier • Add or subtract the growth decay rate from 100% • Change to a decimal. • Ex 1. • 5.5% growth • 100% + 5.5% = 105.5% • Multiplier = 1.055 • • • • • • • • Ex. 2 0.25 growth 100% + 0.25% = 100.25% Multiplier = 1.0025 Ex. 3 3% decay 100% - 3% = 97% Multiplier = .97 • • • • Ex. 4 0.5% decay 100% - 0.5% = 99.5% Multiplier = .995 Modeling Growth or Decay • Ex. 1 Since 1990, the population of the United States has been growing at a rate of 8% each decade. If the population was 248,718,301 in 1990, predict the number of people in 2020. Round to the nearest hundred thousand. • Original amount = 248,718,301 • Multiplier = 1.08 (100% + 8%) • Time period = 3 (30 years/10 years) • Expression: 248, 718,301 1.083 • Answer: 313,313,428.4 • 313, 300, 000 people • Suppose you buy a car for $15,000. Its value decreases at a rate of about 8% per year. Predict the value of the car after 4 years, and after 7 years. • Solution: • Multiplier: 100% - 8% = 92% = .92 n • Exponential expression: 15,000 .92 • Value after 4 years: 15,000 .924 $10,745.89 • Value after 7 years: $8367.70 • Ex. 2 You invested $1000 in a company’s stock at the end of 2009 and that stock has increased at a rate of about 15% per year. Predict the value of the stock, to the nearest cent, at the end of the years 2014. • Original amount: 1000 • Multiplier: 1.15 (100% + 15%) • Time periods: 5 (5 years / 1 year) • Expression: 1, 000 1.155 • Answer: $2011.36 • Ex. 3 You buy a new car for $15,000 and its value decreases at a rate of about 8% per year. Predict the value of the car, to the nearest cent, after 4 years. • Original amount: 15,000 • Multiplier: .92 (100% - 8%) • Time: 4 • Expression: 15, 000 .924 • Answer: $10, 745.89