Tuesday April 15, 2014 7.1 Exponential Growth Functions Objective: To solve and graph polynomial and radical functions EQ: Can you graph an exponential function? What is an exponential function? • An exponential function has the form of y = abx, a ≠ 0, b is a positive number other than 1 Example: y = 2x or y =(½) x • There are 2 kinds of exponential function: 1. Exponential growth: b > 1 Example: y = 4x 2. Exponential decay : 0 < b < 1 Example: y =(⅛) x Exponential Growth Function: Domain: all real numbers Range: y > 0 To graph: Step 1: Plot 2 points (0, a) and (1, b) Step 2: Find couple points left of (0, a) and right to (1, b) Step 3: Make a smooth curve, the left of the curve never crosses x axis Example 1: Graph y = 2x Solution: a = 1, b = 2 Step 1: Plot 2 points (0, 1) and (1, 2) Step 2: Points left of (0, 1) , right of (1, 2) Step 3: Make a smooth curve Tuesday April 15, 2014 7.1 Exponential Growth Functions Example: Solution: Practice: Solution: Tuesday April 15, 2014 7.1 Exponential Growth Functions Exponential Growth Models: y = a (1+r) t a = initial amount, r = % (in decimal form), t = time Example: In 1996, there were 2573 computer viruses security incidents. During the next 7 years, the number of incidents increased by 92% per year. 1. Write the exponential growth model giving the number n of incidents t years after 1996 2. Graph the model 3. Use the graph to estimate the year when there were about 125,000 computer security incidents Solution: Tuesday April 15, 2014 7.1 Exponential Growth Functions Translations To graph a function of the form y = abx-h +k: • sketch y = abx • then translate: h units horizontally and k units vertically Example: y = 4. 2x-1 – 3 Graph y= 4. 2x a = 4, b=2 h = 1, k = -3 Example : Graph the function. State the domain and range 1. y = 4x 2. y = ½ 3x 3. y = 3x-1 – 3 Exponential Growth Models: y = a (1+r) t a = initial amount, r = % (in decimal form), t = time Example: In 1996, there were 2573 computer viruses security incidents. During the next 7 years, the number of incidents increased by 92% per year. 1. Write the exponential growth model giving the number n of incidents t years after 1996 2. Graph the model 3. Use the graph to estimate the year when there were about 125,000 computer security incidents Solution: Wednesday April 23, 2014 7.2 Exponential Decay Functions Objective: To solve and graph polynomial and radical functions EQ: Can you graph an exponential function? Exponential Decay Function has the form of f (x) = of y = abx, where 0 < b < 1 Domain: all real numbers Range: y > 0 To graph: Step 1: Plot 2 points (0, a) and (1, b) Step 2: Find couple points left of (0, a) and right to (1, b) Step 3: Make a smooth curve, the left of the curve never crosses x axis Example 1: Graph y = (1/2)x Solution: a = 1, b = 1/2 Step 1: Plot 2 points (0, 1) and (1, 1/2) Step 2: Points left of (0, 1) , right of (1, 1/2) Step 3: Make a smooth curve Wednesday April 23, 2014 7.2 Exponential Decay Functions Example: Translations Tuesday April 15, 2014 7.2 Exponential Growth Functions Exponential Decay Models: y = a (1 - r) t a = initial amount, r = % (in decimal form), t = time Example: A snowmobile costs $4200. The value of the snowmobile decreases by 10% each year. 1. Write the exponent decay model? 2. Find the value after 3 years 3. Graph the model 4. Find when the value of the snowmobile will be $2500 Solution: Thursday April 24, 2014 Thursday April 24, 2014 7.3 Exponential Growth Functions Objective: To solve and graph polynomial and radical functions EQ: Can you graph an exponential function? What is the Euler number or the Natural Base e? Example: Thursday April 24, 2014 7.3 Exponential Growth Functions Calculating Compounded Interest? Example: You have a $4,000,000 in an account that pay 6% annual interest compounded continuously. What is the balance after 1 year? Solution: Compound annually A = P [1+ (.06)] 0.06 = 06(4) Compound quarterly A = P [1+ (.06/4)] = 06(12) Compound monthly A = P [1+ (.06/12)] = 06(365) Compound daily A = P [1+ (.06/365)] = Compound continuously: A = Pert = 4000e.06(1) = Friday May 2, 2014 Rewrite the followings in exponential form (use whole numbers, both positive or negative) 8 0 12 ¼ = = = = Thursday April 24, 2014 7.4 Evaluate and Graph Logarithm Functions Objective: To solve and graph polynomial and radical functions EQ: How do exponent and logarithm functions relate? Definition Example: Example: Thursday April 24, 2014 7.4 Evaluate and Graph Logarithm Functions Inverse Functions: f(x) = bx is the inverse function of g(x) = logbx Therefor: Example: Example: Thursday April 24, 2014 7.4 Evaluate and Graph Logarithm Functions Parent Graphs for Logarithmic Functions: Example: Thursday April 24, 2014 7.4 Evaluate and Graph Logarithm Functions Translations in Logarithmic Function Graph: From the parent function: y = logb x to y = logb (x – h) + k (the graph moves h units to the right and k units up) Example: y = logb (x + 3) + 1 Solution: