Exponential Functions

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Exponential Functions

Identifying Exponential Functions We have learned to solve for x in many different types of equations.

4 x  20 x3 0 x 8 x 8 7 2 x  81

x5 x  –3 x  64 x  56 x  9

Identifying Exponential Functions

In exponential functions the variable (x) is the exponent.

Exponent

yb

x

Base

b must be greater than 0.

Graphing Exponential Functions The graph below shows the equations y = 2x and y = 3x.

y = 2x y = 3x

The red line along the x axis is the horizontal asymptote. The graphed equations will never intersect the asymptote.

Graphing Exponential Functions The graph below shows the equations y = 2x and y = 3x.

y = 2x y = 3x

The graphed equations will get exponentially closer to, and appear to touch, the asymptote but they will NEVER intersect the asymptote.

Graphing Exponential Functions The graph below shows the equations y = 0.1x and y = 0.5x.

y = 0.1x y = 0.5x

The horizontal asymptote is still along the x axis. As before, the graphed equations will NEVER intersect the asymptote.

Graphing Exponential Functions Exponential functions with bases > 1 are increasing functions.

y = 0.1x

y = 0.5x

y = 2x

y = 3x

Graphing Exponential Functions With increasing functions, larger bases (> 1) indicate a faster increase.

y = 0.1x

y = 0.5x

y = 2x

y = 3x

Graphing Exponential Functions Exponential functions with bases > 0 but < 1 are decreasing functions.

y = 0.1x

y = 0.5x

y = 2x

y = 3x

Graphing Exponential Functions With decreasing functions, bases (> 0, < 1) closer to 0 indicate a faster decrease.

y = 0.1x

y = 0.5x

y = 2x

y = 3x

Applications of Exponential Functions Exponential functions are used in many applications.

Population

Radioactive Decay Compound Interest

P  Po e

kt

N  Noe

t

 i S  a 1    n

nt

Applications of Exponential Functions Exponential functions are used in many applications.

Population

P  Po e

kt

e is a constant NOT a variable e is Euler’s number It is an irrational number equal to… 2.718281828… or

1 1 1 2     ... 2! 3! 4!

Evaluating Exponential Functions Exponential functions can be used to calculate compounding interest.

A total of $1250 is deposited with a compounding interest rate of 4.6%. If interest is compounded monthly, what will the total amount accumulate to in 3 years?

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, i, n and t.

A total of $1250 is deposited with a compounding interest rate of 4.6%. If interest is compounded monthly, what will the total amount accumulate to in 3 years?

 i S = a 1   n  

nt

a = initial amount (principal) i = interest rate (decimal) n = number of compounding periods per year t = time in years

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, i, n and t.

A total of $1250 is deposited with a compounding interest rate of 4.6%. If interest is compounded monthly, what will the total amount accumulate to in 3 years?

 i S = a 1   n  

nt

a = initial amount (principal) i = interest rate (decimal) n = number of compounding periods per year t = time in years

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, i, n and t.

A total of $1250 is deposited with a compounding interest rate of 4.6%. If interest is compounded monthly, what will the total amount accumulate to in 3 years?

(12)(3)

 0.046 S = (1250) 1    12  

a = initial amount (principal) i = interest rate (decimal) n = number of compounding periods per year t = time in years

Evaluating Exponential Functions Step 2: Evaluate the function.

A total of $1250 is deposited with a compounding interest rate of 4.6%. If interest is compounded monthly, what will the total amount accumulate to in 3 years?

(12)(3)

 0.046 S = (1250) 1    12  

a = initial amount (principal) i = interest rate (decimal) n = number of compounding periods per year t = time in years

Evaluating Exponential Functions Step 2: Evaluate the function.

 (0.046)   S  (1250)1  (12)  

(12 )( 3)

S  (1250)1  0.003833...

36

S  (1250)1.003833...

36

S  (1250)1.147672...

S  1434.590905...  $1434.59 The total amount accumulated in 3 years would be $1434.59.

Evaluating Exponential Functions Continuous exponential growth can be calculated using a formula.

2000 units grow at an exponential rate of 3.5% a day for 19 days. What is the final amount at the end of this period?

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

2000 units grow at an exponential rate of 3.5% a day for 19 days. What is the final amount at the end of this period?

a = initial amount (principal)

y = aent

n = rate of growth t = time period

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

2000 units grow at an exponential rate of 3.5% a day for 19 days. What is the final amount at the end of this period?

a = initial amount (principal)

y = aent

n = rate of growth t = time period

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

2000 units grow at an exponential rate of 3.5% a day for 19 days. What is the final amount at the end of this period?

a = initial amount (principal)

y = (2000)e(0.035)(19)

n = rate of growth t = time period

Evaluating Exponential Functions Step 2: Evaluate the function.

2000 units grow at an exponential rate of 3.5% a day for 19 days. What is the final amount at the end of this period?

a = initial amount (principal)

y = (2000)e(0.035)(19)

n = rate of growth t = time period

Evaluating Exponential Functions Step 2: Evaluate the function.

y = (2000)e(0.035)(19) y = (2000)e(0.665) y = (2000)(2.718281…)(0.665)

y = (2000)(1.944490…)

Remember, e is Euler’s number – a known constant

y = 3888.981042… = 3889 The final amount of units after 19 days is 3889.

Evaluating Exponential Functions Continuous exponential decay proportional to the present amount can be calculated using a formula.

A population of bacteria colonies is exposed to antibiotics and is decreasing at a rate of 8% an hour. What is the final number of colonies after 1 day if there was 271 colonies to begin with?

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

A population of bacteria colonies is exposed to antibiotics and is decreasing at a rate of 8% an hour. What is the final number of colonies after 1 day if there was 271 colonies to begin with?

a = initial amount (principal)

y = ae –nt

n = rate of decay t = time period

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

A population of bacteria colonies is exposed to antibiotics and is decreasing at a rate of 8% an hour. What is the final number of colonies after 1 day if there was 271 colonies to begin with?

a = initial amount (principal)

y = ae –nt

n = rate of decay t = time period

Evaluating Exponential Functions Step 1: Locate and input the values for variables a, n and t.

A population of bacteria colonies is exposed to antibiotics and is decreasing at a rate of 8% an hour. What is the final number of colonies after 1 day if there was 271 colonies to begin with?

a = initial amount (principal)

y = (271)e –(0.08)(24)

n = rate of decay t = time period

Note: ‘1 day’ becomes ‘24 hours’ because n and t must be in the same unit.

Evaluating Exponential Functions Step 2: Evaluate the function.

A population of bacteria colonies is exposed to antibiotics and is decreasing at a rate of 8% an hour. What is the final number of colonies after 1 day if there was 271 colonies to begin with?

a = initial amount (principal)

y = (271)e –(0.08)(24)

n = rate of decay t = time period

Note: ‘1 day’ becomes ‘24 hours’ because n and t must be in the same unit.

Evaluating Exponential Functions Step 2: Evaluate the function.

y = (271)e –(0.08)(24) y = (271)e –(1.92)

y = (271)(2.718281…) –(1.92) y = (271)(0.146606…)

Remember, e is Euler’s number – a known constant

y = 39.730486… = 40 The final number of colonies after 1 day is 40.

Evaluate the following equation:

𝒚 = 𝟏𝟖𝒙

6 x 4

x  0.7