Exponential Functions Exponential Functions and Their Graphs Irrational Exponents If b is a positive number and x is a real number, the expression bx always represents a positive number. It is also true that the familiar properties of exponents hold for irrational exponents. Example 1: Use properties of exponents to simplify a) 3 2 2 Example 1: Use properties of exponents to simplify a) 3 2 2 3 2 2 3 4 3 2 9 Example 1: Use properties of exponents to simplify b) a a 8 2 Example 1: Use properties of exponents to simplify b) a a 8 2 a 8 2 a 42 2 a 2 2 2 a 3 2 Exponential Functions An exponential function with base b is defined by the equation f x b where b 0 , b 1 and x x is a real number. The domain of any exponential function is the interval , The range is the interval 0, Graphing Exponential Functions Graph f x 2x Graphing Exponential Functions 1 Graph f x 2 x Example 2: Graph f x 4 x Let’s make a table and plot points to graph. Example 2: Graph f x 4 x Example 2: Graph f x 4 x Properties: Exponential Functions Example 3: Given a graph, find the value of b: Example 3: Given a graph, find the value of b: Increasing and Decreasing Functions One-to-One Exponential Functions Compound Interest r A P 1 k kt Example 4: The parents of a newborn child invest $8,000 in a plan that earns 9% interest, compounded quarterly. If the money is left untouched, how much will the child have in the account in 55 years? Example 4 Solution: Using the compound interest formula: r A P 1 k kt 0.09 A 8000 1 4 8000 1.0225 4 55 220 $ 1, 069,103.27 Future value of account in 55 years Base e Exponential Functions Sometimes called the natural base, e 2.71828182845.... irrational number often appears as the base of an exponential functions. It is the base of the continuous compound interest formula: A Pe rt Example 5: If the parents of the newborn child in Example 4 had invested $8,000 at an annual rate of 9%, compounded continuously, how much would the child have in the account in 55 years? Example 5 Solution: A Pe rt compounded continuously A 8000 e 0.09 55 8000 e 4.95 $ 1,129,399.71 Future value of account in 55 years Graphing f x e Make a table and plot points: x Exponential Functions Horizontal asymptote Function increases y-intercept (0,1) Domain all real numbers Range: y > 0 Translations For k>0 y = f(x) + k y = f(x) – k y = f(x - k) y = f(x + k) Up k units Down k units Right k units Left k units Example 6: On one set of axes, graph f x 2 x and f x 2 3 x Example 6: On one set of axes, graph f x 2 Up 3 x and f x 2 3 x Example 7: On one set of axes, graph f x e and f x e Right 3 x x 3 Non-Rigid Transformations Exponential Functions with the form f(x)=kbx and f(x)=bkx are vertical and horizontal stretchings of the graph f(x)=bx. Use a graphing calculator to graph these functions.