Exponential Growth

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Exponential Growth and

Exponential Decay

Section 8.1 and 8.2

WHAT YOU WILL LEARN:

1. How to graph exponential growth functions.

2. How to graph exponential decay functions.

Exponential Growth

• This is demonstrated by the classic riddle in which a child is offered two choices for an increasing weekly allowance: the first option begins at 1 cent and doubles each week, while the second option begins at

$1 and increases by $1 each week.

Exponential Growth

• This is demonstrated by the classic riddle in which a child is offered two choices for an increasing weekly allowance: the first option begins at 1 cent and doubles each week, while the second option begins at $1 and increases by $1 each week.

Although the second option, growing at a constant rate of

$1/week, pays more in the short run, the first option eventually grows much larger:

W 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

1

2

.01

$1

.02

$2

.04

$3

.08

$4

.16

$5

.32

$6

.64

$7

1.28

$8

2.56

$9

5.12

10.2

4

20.4

8

40.

96

81.

92

163

.84

327

.68

655

.36

131

0.7

2

$10 $11 $12 $13 $14 $15 $16 $17 $18

Why!

Exponential Growth!

The equation for option 1 is: y = 2 n where n is the number of weeks.

The equation for option 2 is y = 1 + n where n is the number of weeks.

Oh Boy! Vocabulary

An exponential function involves the expression b x where the base “ b ” is a positive number other than

1.

The variable is going to be in the “ position ” of the exponent.

Let ’ s Graph an Example y 𝑦 = 2 𝑥

10

5

-10 -5 5

Question: Will the graph ever pass below y of 0?

10 x

-5

-10

Let ’ s Graph an Example y

10

5

Question: Will the graph ever pass below y of 0?

We say that there is an asymptote at y = 0.

10 x

-10 -5

5

-5

-10

Let ’ s Graph an Example y

10

5

5

Question: Will the graph ever pass below y of 0?

We say that there is an asymptote at y = 0.

10 x

-10 -5

An asymptote is a line that a graph approaches as you move away from the origin.

-5

-10

Try the following on your graphing calculator

Group 2: Group 1: y y

1

3

2 x

3

2 x y

2 x y

 y

1

2 x

5

5

2 x y

2 x y

 ab

A Definition y = ab x is an exponential growth function . When a is greater than 0 and b is greater than 1.

Graphing Examples

• Graph y

1

2

3 x y

10

5

-10 -5

-5

-10

5 10 x

Another Example

Graph y

 

(

3

2

) x

10 y

5

-10 -5

-5

-10

5 10 x

Graphing by Translation

The generic form of an exponential function is: y = ab x-h + k

Where h is movement along the x axis and k is movement along the y axis.

An Example of Graphing by Translation

Graph y

3

2 x

1 

4

10 y

5

10 x

-10 -5 5

-5

-10

You Try

• Graph y

2

3 x

2 

1 y

10

5

-10 -5

-5

-10

5 10 x

Exponential Growth Model

• We will use the formula: y = a(1 + r) t a is the initial amount, r is the percent increase expressed as a decimal and t is the number of years.

The term 1 + r is called the growth factor.

An Example Problem

• In January 1993, there were about 1,313,000

Internet hosts. During the next five years, the number of hosts increased by about 100% per year.

• Write a model.

• How many hosts were there in 1996?

• Graph the model.

• When will there be 30 million hosts?

Section 8.2 – Exponential Decay

• These functions will have the form y = ab x where a is greater than zero and b is between 0 and 1.

19

Example 1

• State whether the function is an exponential growth or exponential decay function.

1 .

f ( x )

5 (

2

3

) x

2 .

f

3 .

f (

( x ) x )

8 (

3

2

) x

10 ( 3 )

 x

20

You Try

• State whether the function is an exponential decay or growth function.

1 .

f ( x )

1

3

( 2 )

 x

2 .

f ( x )

4 (

5

8

) x

A Basic Graph

• A graph of y

1

2 x

10 y

5

-10 -5

-5

-10

5 10 x

Graphing Exponential Functions … again x

• Graph: y

3

1

4 y

10

5

10 x

-10 -5 5

-5

-10

Another Example x

• Graph: y

 

5

2

3

10 y

5

-10 -5

-5

-10

5 10 x

Graphing by Translation

The generic form of an exponential function is: y = ab x-h + k

Where h is movement along the x axis and k is movement along the y axis.

Graphing by Translation

• Graph: y

 

3

1

2 x

2

1 y

10

5

-10 -5 5

-5

-10

10 x

An Exponential Decay Word Problem

• We will use the formula: y = a(1 - r) t

(1-r) is called the decay factor.

The Word Problem

• You buy a new car for $24,000. The value y of the car decreases by 16% each year.

1. Write an exponential decay model for the value of the car.

2. Use the model to estimate the value after 2 years.

3. Graph the model.

4. When will the car have a value of $12,000.

Homework

:

Page 469, 14-18 even, 19-24 all, 34, 36, 38,

43-45 all

Page 477, 12, 16, 18, 19-24 all, 36, 40, 42,

47-49 all

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