Exponential Functions Math Secondary IV Topics Calculation Growth & Decay Factor Graph Equation Point of Intersection Word Problems Calculators This topic will involve a lot of calculator use and specifically the exponential key Usually it is a button yx , xy or ^ For example 25 = ? 32 177 410338673 Calculators (2nd Step) Add another step: 8 x 94 52488 16 x 724 429981696 42 x (2/3)8 Do 42 x open bracket 2/3 close bracket yx 8 = ?? 1.64 (round off to two decimal places) Exercises 2.176 x 0.8158 0.42 273 x 4711 6.75 x 1020 0.82 x 0.006340 7.72 x 10-89 Work in class – Do #1 a-j Growth & Decay Consider the powers of 7 and 1/7 7 = 70 = 1 72 = 49 73 = 343 We note as the power increases value increases; we call this… growth Growth & Decay Consider 1/70 = 1 (1/7)2 = 0.02 (1/7)3 = 0.0029 We note as the power increases the value decreases; we call this… decay Growth & Decay In general, if the base or factor is greater than 1 we have growth. If the base or factor is between 0 and 1, we have decay. We note we do not use 0 and 1 or negative numbers Work in class / homework – do #2 a-e Factors We constantly need to see what factor or base we are using. Some are easy Double = 2 Half = ½ By ten = 10 Factors Then there is per cent. If I have If I double it… I would multiply by 2 Other Factors If I have a square and add 10% I would multiply by? 1.1 (110%) We would get More Examples 10% increase is a factor of 1.1 (1+.1) 33% increase is a factor of 1.33 (1+.33) 1% increase is a factor of 1.01 (1+.01) 4.75 increase is a factor 1.0475 (1+0.0475). Let’s Go the Other Way We can use the same logic for a 10% decrease. 10% decrease is a factor of 0.9 (1-.1) 39% decrease is a factor of 0.61 (1-.39) Please note increase = up, appreciation, interest and decrease = down, depreciation Work in class / homework do #3 a-j Exponential Formula The exponential formula is y = S ● Fx Formula Defined S Parameter: S is the starting value Where does the function start In other words what is the value of y when x=0 Exponential Formula Defined F Parameter – F stands for factor what is the function increasing or decreasing by? i.e., what is the ratio between the value when x = 1 and x = 0 i.e. what is the value when x=1 divided by the value when x = 0. Graphs Graph the following. State the S and F parameters and whether the curve is a growth or decay. X 0 1 2 3 4 Y 2 6 18 54 162 S: x = 0 y = 2; S = ? S=2 F: x = 1 y = 6 x = 0 y = 2; F = ? F=6/2=3 Graph con’t S=2 F=3 Graph it! Growth Hence y = 2 ● 3x Work in class / homework do #4 a-e; 2 per page! Homework Solutions 4a: S = 6 F=3 Growth Graph it on graph paper; two per page Work in Class / Homework #5: y = 5 (2)x Plot X and Y (use 1,2,3,&4) Quiz Exercises Give the formula to show the situation where you invest $1000 at 7% annually. After 20 years, how much do you have? What is S and what is F? S = 1000 ; F = 1.07; Put in formula… Where y is the money the investment is worth; x is the number of years Work in Class / Homework #6 a – j State the Exponential Equation… 6a 6a) Y = 14 (½)x 6b) y = 1000 (1/100) x Solution y = 1000 ● (1.07)x After 20 years your $1000 investment is worth… Y = 1000 (1.07)20 = $3869.68 More Exercises Radioactive elements decay (the atoms fall apart) in a set formula. The element Pingdanga has a half life of a year. Give the formula if you start with 1000 kg 1st step: Write down Exponential Formu. Y = 1000 (½) x Y is the amount of Pingdanga X is the number of years Solution Con’t In 20 years we would have… Y = 1000 (½)20 = 0.001 kg of Pingdanga Comparing Investments If you have two investments $1000 @ 20% and $2000 @ 5%, when will they be worth the same? Plot points every two years for eight years. What is the value of each investment after 50 years? 1st step… create two exponential formulas (double the fun!) Y = 1000 (1.2)X y = 2000 (1.05)X Create Table of Values for both… Investment Solutions Investment A X 0 2 4 6 8 Y $1000 $1440 $2073.60 $2985.98 $4299.82 Investment B X 0 2 4 6 8 Y 2000 2205 2431.01 2680.19 2954.91 Investment Solutions After 50 years? Investment A 1000 (1.2)50 = $9100438.15 Investment B 2000 (1.05)50 = $22934.80 Car Depreciation Which car is worth more after five years given the following values. You are given the cost of the car and the depreciation (amount your car goes down per year). Car A: $5000 @ 7% Car B: $6000 @ 8% Car Solution Car A: 5000 (0.93)5 = $3478.44 Car B: $6000 (.92)5 = $3954.49 Work in Class / Homework #7-15… Study Guide Test