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HONORS ALGEBRA 2 EXPONENTIALS & LOGARITHMIC FUNCTIONS Lessons 6.1-6.2: Exponential Growth/Decay Exponential functions are of the form: y = abx If 0 < b < 1, the graph represents exponential DECAY. If b > 1, the graph represents exponential GROWTH. Graph: y = 2x + 3 (table of values) The Number e e is an irrational number approximately equal to 2.71828 Exponential functions with a base of e are useful for describing continuous growth or decay. Growth factor: b = 1 + r Decay factor: b = 1 – r 1 2 𝑥 Half-life: y = a( )ℎ𝑎𝑙𝑓−𝑙𝑖𝑓𝑒 Compound Interest formula: r A P(1 ) nt n Continuously Compounded Interest formula A = balance after t years P = principal r = rate n = # times interest is added per year t = time in years A = Pert A = amount in account, P = principal, r = annual rate of interest, t = time in years Ex 2: Suppose you invest $1,050 at an annual interest rate of 5.5% compounded continuously. How much will you have in the account after five years? Ex 1:How much must you deposit in an account that pays 8% annual interest, compounded monthly, to have a balance of $1,500 after one year? Lesson 6.3: Logarithms A LOGARITHM IS AN EXPONENT. Write the equation in exponential form: log464 = 3 ___________________ logbx = y and by = x are equivalent expressions Write the equation in logarithmic form: 24 = 16 _____________________ Evaluate the logarithms: 1) log 16 2) 4) 5) 2 log39 log497 log225 3) 6) log88 log31 A natural logarithm (ln) is a log with base e. All the same properties of logs also apply to natural logs. Simplify using mental math: 1) ln e 2) ln e3 3) ln 1 4) 3 lnx + ln y Lesson 6.5: Properties of Logarithms PROPERTIES OF LOGARITHMS Let a, u, and v be positive numbers such that a ≠ 1, and let n be any real number. Product Property: Quotient Property: Power Property: loga uv u log a v loga u n Note: There is no property to simplify the logarithm of a sum. USE PROPERTIES OF LOGS TO EXPAND AND CONDENSE Use the properties of logarithms to simplify (condense): (Write as one log expression) 1) 5log3 + 2log2 Use the properties of logarithms to expand: (Write as a sum or difference of logarithms, or use power property) 2) log45 𝑥 Lesson 6.6: Exponential & Logarithmic Equations Change of Base formula: log a x log10 x log10 a Steps to solve Exponential Equations: Steps to solve Logarithmic Equations: 1) Isolate power 2) Take log of both sides in same base 3) logaa = x 1) Use properties of logs, if necessary to condense log expression. 4) Use change of base formula a. Solve: 2 + 3x = 4 b. log (3x + 1) = 5 2) Write in exponential form c. ln 3 + lnx = 6 d. e 2x + 1 = 6