Download Quadratic Functions

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project

Document related concepts

Big O notation wikipedia , lookup

Mathematics of radio engineering wikipedia , lookup

History of the function concept wikipedia , lookup

Function (mathematics) wikipedia , lookup

Four color theorem wikipedia , lookup

Signal-flow graph wikipedia , lookup

Transcript
Quadratic Functions; Parabolas
οƒ˜ Graph of a Quadratic Function
The graph of the function
𝒇(𝒙) = π’‚π’™πŸ + 𝒃𝒙 + 𝒄
is a parabola that opens upward (concave up), and the vertex is minimum, if 𝒂 > 𝟎. The parabola opens
downward (concave down), and the vertex is a maximum, if 𝒂 < 𝟎.
The larger the value of |𝒂|, the more narrow the parabola will be.
βˆ’π’ƒ
βˆ’π’ƒ
Its vertex is at the point ( πŸπ’‚ , 𝒇 ( πŸπ’‚ )).
The axis of symmetry of the parabola has equation 𝒙 =
𝟐
βˆ’π’ƒ
πŸπ’‚
πŸπ’‚
𝒇(𝒙) = π’‚π’™πŸ + 𝒃𝒙 + 𝒄 π’˜π’Šπ’•π’‰ 𝒂 > 𝟎
𝒇(𝒙) = 𝒂𝒙 + 𝒃𝒙 + 𝒄 π’˜π’Šπ’•π’‰ 𝒂 < 𝟎
Vertex: (
βˆ’π’ƒ
Axis of
βˆ’π’ƒ
, 𝒇 ( ))
πŸπ’‚
Symmetry
𝒙=
βˆ’π’ƒ
πŸπ’‚
x
x
Axis of
Symmetry
𝒙=
βˆ’π’ƒ
Vertex: (
βˆ’π’ƒ
πŸπ’‚
πŸπ’‚
βˆ’π’ƒ
, 𝒇 ( ))
Y
Y
EX) (a) Determine if the function is quadratic. If it is, (b) determine if the graph is concave up or concave down. (c) Determine if the
vertex of the graph is a maximum point or a minimum point.
1. 𝑓(π‘₯) = π‘₯ 2 + 4π‘₯ + 4
𝒂 = 𝟏 𝒂𝒏𝒅 𝒃 = πŸ’. Since 𝒂 > 𝟎, The graph is concave up with the minimum vertex.
βˆ’π’ƒ
Vertex: (
x-coordinate of the vertex is
βˆ’π’ƒ
πŸπ’‚
=
βˆ’πŸ’
𝟐(𝟏)
πŸπ’‚
βˆ’π’ƒ
, 𝒇 ( )) = (βˆ’πŸ, 𝟎)
πŸπ’‚
= βˆ’πŸ
βˆ’π’ƒ
y-coordinate of the vertex is 𝒇 ( ) = 𝒇(βˆ’πŸ) = (βˆ’πŸ)𝟐 + πŸ’(βˆ’πŸ) + πŸ’ = πŸ’ βˆ’ πŸ– + πŸ’ = 𝟎
πŸπ’‚
2. 𝑔(π‘₯) = βˆ’2π‘₯ 2 βˆ’ 4π‘₯ + 6
𝒂 = βˆ’πŸ 𝒂𝒏𝒅 𝒃 = βˆ’πŸ’. Since 𝒂 < 𝟎, The graph is concave down with the maximum vertex.
βˆ’π’ƒ
Vertex: (
x-coordinate of the vertex is
βˆ’π’ƒ
πŸπ’‚
=
βˆ’π’ƒ
βˆ’(βˆ’πŸ’)
𝟐(βˆ’πŸ)
=
πŸ’
βˆ’πŸ’
πŸπ’‚
βˆ’π’ƒ
, 𝒇 ( )) = (βˆ’πŸ, πŸ–)
πŸπ’‚
= βˆ’πŸ
y-coordinate of the vertex is 𝒇 ( ) = 𝒇(βˆ’πŸ) = βˆ’πŸ(βˆ’πŸ)𝟐 βˆ’ πŸ’(βˆ’πŸ) + πŸ” = βˆ’πŸ + πŸ’ + πŸ” = πŸ–
πŸπ’‚
πŸπ’‚
EX) Suppose the monthly revenue from the sale of Carlson 42-inch plasma televisions is given by the function
𝑅(π‘₯) = βˆ’0.1π‘₯ 2 + 600π‘₯ π‘‘π‘œπ‘™π‘™π‘Žπ‘Ÿπ‘ 
where x is the number of televisions sold.
a. Find the vertex and the axis of symmetry of the graph of this function.
The function is a quadratic function with 𝒂 = βˆ’πŸŽ. 𝟏, 𝒃 = πŸ”πŸŽπŸŽ. The x-coordinate of the vertex is
βˆ’π’ƒ
πŸπ’‚
=
βˆ’πŸ”πŸŽπŸŽ
𝟐(βˆ’πŸŽ.𝟏)
= πŸ‘πŸŽπŸŽπŸŽ, and the axis of symmetry is the line 𝒙 = πŸ‘πŸŽπŸŽπŸŽ. The y-coordinate of the vertex is
𝑹(πŸ‘πŸŽπŸŽπŸŽ) = βˆ’πŸŽ. 𝟏(πŸ‘πŸŽπŸŽπŸŽ)𝟐 + πŸ”πŸŽπŸŽ(πŸ‘πŸŽπŸŽπŸŽ) = πŸ—πŸŽπŸŽ, 𝟎𝟎𝟎
So the vertex is (3000,900,000).
b. Determine if the vertex represents a maximum or minimum point.
Vertex: (3000, 900,000)
Because 𝒂 < 𝟎, the parabola opens downward (concave down),
so the vertex is a maximum point.
c. Interpreted the vertex in the context of the application.
The x-coordinate of the vertex gives the number of televisions that
must be sold to maximize revenue, so selling 3000 sets will result
in the maximum revenue. The y-coordinate of the vertex gives
the maximum revenue, $900,000.
Axis of symmetry
οƒ˜ Vertex Form of a Quadratic Function
In general, the graph of the function
π’š = 𝒂(𝒙 βˆ’ 𝒉)𝟐 + π’Œ
is a parabola with its vertex at the point (𝒉, π’Œ).
The parabola opens upward if 𝒂 > 𝟎, and the vertex is a minimum.
The parabola opens downward if 𝒂 < 𝟎, and the vertex is maximum.
The axis of symmetry of the parabola has equation 𝒙 = 𝒉.
The a is the same as the leading coefficient in 𝑦 = π‘Žπ‘₯ 2 + 𝑏π‘₯ + 𝑐, so the larger the value of |𝒂|, the
more narrow the parabola will be.
EX) (a) Is the vertex a maximum or minimum? (b) Give the coordinates of the vertex
1.𝑓(π‘₯) = 2(π‘₯ βˆ’ 4)2 βˆ’ 6
𝒂 = 𝟐 𝒂𝒏𝒅 𝒂 > 𝟎, the vertex is a minimum.
Vertex: (πŸ’, βˆ’πŸ”)
2. 𝑔(π‘₯) = βˆ’0.5(π‘₯ + 2)2 + 1
𝒂 = βˆ’πŸŽ. πŸ“ 𝒂𝒏𝒅 𝒂 < 𝟎 , the vertex is a maximum.
Vertex: (βˆ’πŸ, 𝟏)
Solving Quadratic Equations
οƒ˜ Zero Product Property
For real numbers a and b, the product 𝒂𝒃 = 𝟎 if and only if either 𝒂 = 𝟎 or 𝒃 = 𝟎 or both a and b are zero
EX) Solve the equation 3π‘₯ 2 + 7π‘₯ = 6
We firs subtract 6 from both sides of the equation to rewrite the equation with 0 on one side:
πŸ‘π’™πŸ + πŸ•π’™ βˆ’ πŸ” = 𝟎
To begin factoring the trinomial πŸ‘π’™πŸ + πŸ•π’™ βˆ’ πŸ”, we seek factors of πŸ‘π’™πŸ (that is, 3x and x) as the first terms of two binomials and
factors of -6 as the last terms of the binomial. The factorization whose inner and outer products combine to 7x is (πŸ‘π’™ βˆ’ 𝟐)(𝒙 +
πŸ‘), so we have
(πŸ‘π’™ βˆ’ 𝟐)(𝒙 + πŸ‘) = 𝟎
Using the zero product property gives
πŸ‘π’™ βˆ’ 𝟐 = 𝟎 𝒐𝒓 𝒙 + πŸ‘ = 𝟎
Solving these linear equations gives the two solutions to the original equation.
𝒙=
𝟐
𝒐𝒓 𝒙 = βˆ’πŸ‘
πŸ‘
οƒ˜ Quadratic Formula
The solutions of the quadratic equation π‘Žπ‘₯ 2 + 𝑏π‘₯ + 𝑐 = 0 are given by the formula
𝒙=
βˆ’π’ƒ ± βˆšπ’ƒπŸ βˆ’ πŸ’π’‚π’„
πŸπ’‚
Note that a is the coefficient of π‘₯ 2 , b is the coefficient of x, and c is the constant term.
οƒ˜ The Discriminant
We can also determine the type of solutions a quadratic equation has by looking at the expression π’ƒπŸ βˆ’
πŸ’π’‚π’„, which is called the discriminant of the quadratic equation π‘Žπ‘₯ 2 + 𝑏π‘₯ + 𝑐 = 0. The discriminant is
the expression inside in the quadratic formula π‘₯ =
βˆ’π‘±βˆšπ‘ 2 βˆ’4π‘Žπ‘
2π‘Ž
, so it determines if the quantity inside the
radical is positive, zero, or negative. Thus, we have
ο‚·
ο‚·
ο‚·
π’ƒπŸ βˆ’ πŸ’π’‚π’„ > 𝟎, there are two different real solutions.
π’ƒπŸ βˆ’ πŸ’π’‚π’„ = 𝟎, there are one real solution.
π’ƒπŸ βˆ’ πŸ’π’‚π’„ < 𝟎, there are no real solution.
οƒ˜ Connections Between Graphs of Quadratic Functions and Solution Methods
y
y
y
Graph
x
a
b
x
x
Type of x-Intercepts
Graph crosses x-axis twice.
Graph touches but does not
cross x-axis.
Graph does not cross the xaxis.
Type of Solutions
Equation has two real
solutions.
Equation has one real solution.
Equation has not real solutions.
Suggested Solution Methods
Use factoring, graphing, or
quadratic formula.
Use factoring, graphing, or the
square root method.
Use quadratic formula to verify
that solutions are not real.
EX) Solve the equations:
a. π‘₯ 2 βˆ’ 3π‘₯ + 5 = 0
Using the quadratic formula, with 𝒂 = 𝟏, 𝒃 = πŸ‘, 𝒂𝒏𝒅 𝒄 = πŸ“, gives
𝒙=
βˆ’(βˆ’πŸ‘) ± (βˆ’πŸ‘)𝟐 βˆ’ πŸ’(𝟏)(πŸ“) πŸ‘ ± βˆšβˆ’πŸπŸ πŸ‘ ± π’ŠβˆšπŸπŸ
=
=
𝟐(𝟏)
𝟐
𝟐
Since π’ƒπŸ βˆ’ πŸ’π’‚π’„ < 𝟎, there are no real solution and the solutions are the complex numbers.
b. 3π‘₯ 2 + 4π‘₯ = 3
Writing 3π‘₯ 2 + 4π‘₯ = βˆ’3 in the form 3π‘₯ 2 + 4π‘₯ βˆ’ 3 = 0 gives 𝒂 = πŸ‘, 𝒃 = πŸ’, 𝒂𝒏𝒅 𝒄 = βˆ’πŸ‘, so the solutions are
𝒙=
βˆ’πŸ’ ± πŸ’πŸ βˆ’ πŸ’(πŸ‘)(βˆ’πŸ‘) βˆ’πŸ’ ± βˆšπŸπŸ” + πŸ‘πŸ” βˆ’πŸ’ ± βˆšπŸ“πŸ βˆ’πŸ’ ± πŸβˆšπŸπŸ‘ βˆ’πŸ ± βˆšπŸπŸ‘
=
=
=
=
𝟐(πŸ‘)
πŸ”
πŸ”
πŸ”
πŸ‘
Since π’ƒπŸ βˆ’ πŸ’π’‚π’„ > 𝟎, there are two real solutions, which is
βˆ’πŸ+βˆšπŸπŸ‘
πŸ‘
and
βˆ’πŸβˆ’βˆšπŸπŸ‘
πŸ‘
.
Piecewise-Defined Functions
οƒ˜ Piecewise-Defined Functions
It is possible that a set of data cannot be modeled with a single equation. We can use a piecewise-defined
function when there is not a single function that accurately represents the situation. A piecewise-defined
function is so named because it is defined with different pieces for different parts of its domain rather
than one equation.
EX) Excluding fuel adjustment costs and taxes, Georgia Power Company charges its residential power customers for electricity during
the months of June through September according to Table.
Monthly Kilowatt-hours (kWh)
Monthly Charge
0 to 650
More than 650, up to 1000
More than 1000
$7.50 plus $0.04657 per kWh
$37.77 plus $0.07738 per kWh above 650
$64.85 plus $0.07976 per kWh above 1000
a. Write the piecewise-defined function C that gives the monthly charge for residential electricity, with input x equal to the monthly
number of kilowatt-hours
πŸ•. πŸ“πŸŽ + 𝟎. πŸŽπŸ’πŸ”πŸ“πŸ•π’™
πŸ‘πŸ•. πŸ•πŸ• + 𝟎. πŸŽπŸ•πŸ•πŸ‘πŸ–(𝒙 βˆ’ πŸ”πŸ“πŸŽ)
πŸ”πŸ’. πŸ–πŸ“ + 𝟎. πŸŽπŸ•πŸ—πŸ•πŸ”(𝒙 βˆ’ 𝟏𝟎𝟎𝟎)
π‘ͺ(𝒙) =
π’Šπ’‡ 𝟎 ≀ 𝒙 ≀ πŸ”πŸ“πŸŽ
π’Šπ’‡ πŸ”πŸ“πŸŽ < 𝒙 ≀ 𝟏𝟎𝟎𝟎
π’Šπ’‡ 𝒙 > 𝟏𝟎𝟎𝟎
where C(x) is the charge in dollars for x kWh of electricity.
b. Find C(950) and explain what it means.
To evaluate C(950), we must determine which β€œpiece” defines the function when 𝒙 = πŸ—πŸ“πŸŽ. Because 950 is between 650 and 1000,
we use the β€œmiddle piece” of the function:
π‘ͺ(πŸ—πŸ“πŸŽ) = πŸ‘πŸ•. πŸ•πŸ• + 𝟎. πŸŽπŸ•πŸ•πŸ‘πŸ–(πŸ—πŸ“πŸŽ βˆ’ πŸ”πŸ“πŸŽ) = πŸ”πŸŽ. πŸ—πŸ–πŸ’
Companies regularly round charges up to the next cent if any part of a cent is due. This means that if 950 kWh are used in a
month, the bill is $60.99.
c. Find the charge for using 1560kWh in a month.
To find the charge of 1560 kWh, we evaluate C(1560), using the β€œbottom piece” of the function because 1560>1000. Evaluating
this gives
π‘ͺ(πŸπŸ“πŸ”πŸŽ) = πŸ”πŸ’. πŸ–πŸ“ + 𝟎. πŸŽπŸ•πŸ—πŸ•πŸ”(πŸπŸ“πŸ”πŸŽ βˆ’ 𝟏𝟎𝟎𝟎) = πŸπŸŽπŸ—. πŸ“πŸπŸ“πŸ”
so the charge for the month is $109.52.
Transformations of Graphs and Symmetry
οƒ˜ Graph Transformations
οƒ˜ Vertical Shifts of Graphs
If k is a positive real number:
The graph of π’ˆ(𝒙) = 𝒇(𝒙) + π’Œ can be obtained by shifting the graph of 𝒇(𝒙) upward k units.
The graph of π’ˆ(𝒙) = 𝒇(𝒙) βˆ’ π’Œ can be obtained by shifting the graph of 𝒇(𝒙) downward k units.
οƒ˜ Horizontal Shifts of Graphs
If h is a positive real number:
The graph of 𝑔(π‘₯) = 𝑓(π‘₯ βˆ’ β„Ž) can be obtained by shifting the graph of 𝒇(𝒙) to the right h units.
The graph of 𝑔(π‘₯) = 𝑓(π‘₯ + β„Ž) can be obtained by shifting the graph of 𝒇(𝒙) to the left h units.
οƒ˜ Stretching and Compressing Graphs
The graph of 𝑦 = π‘Žπ‘“(π‘₯) is obtained by vertically stretching the graph of 𝑓(π‘₯) by a factor of |π‘Ž| if
|π‘Ž| > 1, and vertically compressing the graph of 𝑓(π‘₯) by a factor of |π‘Ž| if 0 < |π‘Ž| < 1.
οƒ˜ Reflections of Graphs Across the Coordinate Axes
1. The graph of 𝑦 = βˆ’π‘“(π‘₯) can be obtained by reflecting the graph of 𝑦 = 𝑓(π‘₯) across the x-axis.
2. The graph of 𝑦 = 𝑓(βˆ’π‘₯) can be obtained by reflecting the graph of 𝑦 = 𝑓(π‘₯) across the y-axis.
3
EX) Suppose the graph of 𝑦 = π‘₯ 2 is shifted to the left 4 units. What is the equation that gives the new graph?
3
𝑦 = (π‘₯ + 4)2
3
EX) Suppose the graph of 𝑦 = π‘₯ 2 is shifted down 5 units and to the right 4 units. What is the equation that gives the new graph?
3
𝑦 = (π‘₯ βˆ’ 4)2 βˆ’ 5
3
EX) Suppose the graph of 𝑦 = π‘₯ 2 is stretched by a factor of 3 and then shifted up 5 units. What is the equation that gives the new graph?
3
𝑦 = 3π‘₯ 2 + 5
3
1
EX) Suppose the graph of 𝑦 = π‘₯ 2 is compressed by the factor of and then shifted right 6 unites. What is the equation that gives the new
5
graph?
3
1
𝑦 = (π‘₯ βˆ’ 6)2
5
οƒ˜ Symmetry with Respect to the y-axis
The graph of 𝑦 = 𝑓(π‘₯) is symmetric with respect to the y-axis if, for every point (x, y) on the graph, the
point (-x, y) is also on the graph. That is,
𝒇(βˆ’π’™) = 𝒇(𝒙)
for all x in the domain of f. such a function is called an even function.
οƒ˜ Symmetry with Respect to the Origin
The graph of 𝑦 = 𝑓(π‘₯)is symmetric with respect to the origin if, for every point (x, y) on the graph, the
point (-x, -y) is also on the graph. That is,
𝒇(βˆ’π’™) = βˆ’π’‡(𝒙)
for all x in the domain of f. such a function is called an odd function.
οƒ˜ Symmetry with Respect to the x-axis
The graph of an equation is symmetric with respect to the x-axis if, for every point (x, y) on the graph,
the point (x, -y) is also on the graph.
EX) determine algebraically whether the graph of each equation is symmetric with respect to the x-axis, y-axis, or origin. Confirm your
conclusion graphically.
a. 𝑦 =
2π‘₯ 2
π‘₯ 2 +1
To test for symmetry with respect to the x-axis, we replace y with –y. Because the result,
βˆ’π’š =
πŸπ’™πŸ
π’™πŸ + 𝟏
is not equivalent to the original function, the graph is not symmetric with respect to the x-axis.
To test for y-axis symmetry, we replace x with –x:
π’š=
𝟐(βˆ’π’™)𝟐
πŸπ’™πŸ
=
(βˆ’π’™)𝟐 + 𝟏 π’™πŸ + 𝟏
which is equivalent to the original equation. Thus, the graph is symmetric to the y-axis.
To test for symmetry with respect to the origin, we replace x with –x and y with –y:
βˆ’π’š =
𝟐(βˆ’π’™)𝟐
πŸπ’™πŸ
=
(βˆ’π’™)𝟐 + 𝟏 π’™πŸ + 𝟏
which is not equivalent to the original equation. Thus, the graph is not symmetric with respect to the origin.
(continued…)
(continued…)
b. 𝑦 = π‘₯ 3 βˆ’ 3π‘₯
To test for symmetry with respect to the x-axis, we replace y with –y. Because the result
βˆ’π’š = π’™πŸ‘ βˆ’ πŸ‘π’™
is not equivalent to the original function, the graph is not symmetric with respect to the x-axis.
To test for y-axis symmetry, we replace x with –x:
π’š = (βˆ’π’™πŸ‘ ) βˆ’ πŸ‘(βˆ’π’™) = βˆ’π’™πŸ‘ + πŸ‘π’™
which is not equivalent to the original equation. Thus, the graph is not symmetric to the y-axis.
To test for symmetry with respect to the origin, we replace x with –x and y with –y:
βˆ’π’š = βˆ’π’™πŸ‘ βˆ’ πŸ‘(βˆ’π’™) = βˆ’π’™πŸ‘ + πŸ‘π’™, 𝐨𝐫 π’š = π’™πŸ‘ βˆ’ πŸ‘π’™
which is equivalent to the original equation. Thus, the graph is symmetric with respect to the origin.
c. π‘₯ 2 + 𝑦 2 = 16
To test for symmetry with respect to the x-axis, we replace y with –y. Because the result
π’™πŸ + βˆ’π’šπŸ = πŸπŸ” 𝐨𝐫 π’™πŸ + π’šπŸ = πŸπŸ”
This is equivalent to the original equation, so the graph is symmetric with respect to the x-axis.
To test for y-axis symmetry, we replace x with –x:
(βˆ’π’™πŸ ) + π’šπŸ = πŸπŸ” 𝐨𝐫 π’™πŸ + π’šπŸ = πŸπŸ”
This is equivalent to the original equation, so the graph is symmetric to the y-axis.
To test for symmetry with respect to the origin, we replace x with –x and y with –y:
(βˆ’π’™πŸ ) + (βˆ’π’šπŸ ) = πŸπŸ” 𝐨𝐫 π’™πŸ + π’šπŸ = πŸπŸ”
which is equivalent to the original equation. Thus, the graph is symmetric with respect to the origin.
Combining Functions; Composite Functions
οƒ˜ Operations with Functions
Operation
Formula
Example with
𝒇(𝒙) = βˆšπ’™ 𝐚𝐧𝐝 π’ˆ(𝒙) = π’™πŸ‘
Sum
(𝑓 + 𝑔)(π‘₯) = 𝑓(π‘₯) + 𝑔(π‘₯)
(𝑓 + 𝑔)(π‘₯) = √π‘₯ + π‘₯ 3
Difference
(𝑓 βˆ’ 𝑔)(π‘₯) = 𝑓(π‘₯) βˆ’ 𝑔(π‘₯)
(𝑓 βˆ’ 𝑔)(π‘₯) = √π‘₯ βˆ’ π‘₯ 3
Product
(𝑓 βˆ— 𝑔)(π‘₯) = 𝑓(π‘₯) βˆ— 𝑔(π‘₯)
(𝑓 βˆ— 𝑔)(π‘₯) = √π‘₯ βˆ— π‘₯ 3
Quotient
(𝑔) (π‘₯) = 𝑔(π‘₯) (𝑔(π‘₯) β‰  0)
𝑓
𝑓(π‘₯)
𝑓
(𝑔) (π‘₯) =
√π‘₯
π‘₯3
(π‘₯ β‰  0)
οƒ˜ Composite Function
The composite function, f of g, is denoted by
(𝒇 ∘ π’ˆ)(𝒙) = 𝒇(π’ˆ(𝒙))
The domain of 𝑓 ∘ 𝑔 is the subset of the domain of g for which 𝑓 ∘ 𝑔 is defined.
The composite function 𝑔 ∘ 𝑓 is defined by
(π’ˆ ∘ 𝒇)(𝒙) = π’ˆ(𝒇(𝒙))
The domain of 𝑔 ∘ 𝑓 is the subset of the domain of f for which 𝑔 ∘ 𝑓 is defined.
𝑓
EX) Find the following: (a) (𝑓 + 𝑔)(π‘₯), (b) (𝑓 βˆ’ 𝑔)(π‘₯), (c) (𝑓 βˆ— 𝑔)(π‘₯), (d) ( ) (π‘₯), (e) (𝑓 ∘ 𝑔)(π‘₯), (f) (𝑔 ∘ 𝑓)(π‘₯).
𝑔
𝒇(𝒙) = πŸ‘π’™ βˆ’ πŸ“; π’ˆ(𝒙) = πŸ’ βˆ’ 𝒙
(a) (𝒇 + π’ˆ)(𝒙) = πŸ‘π’™ βˆ’ πŸ“ + πŸ’ βˆ’ 𝒙
= πŸπ’™ βˆ’ 𝟏
(b) (𝒇 βˆ’ π’ˆ)(𝒙) = πŸ‘π’™ βˆ’ πŸ“ βˆ’ (πŸ’ βˆ’ 𝒙)
= πŸ‘π’™ βˆ’ πŸ“ βˆ’ πŸ’ + 𝒙
= πŸ’π’™ βˆ’ πŸ—
(c) (𝒇 βˆ— π’ˆ)(𝒙) = (πŸ‘π’™ βˆ’ πŸ“) βˆ— (πŸ’ βˆ’ 𝒙)
= (πŸ‘π’™)(πŸ’) + (πŸ‘π’™)(βˆ’π’™) + (βˆ’πŸ“)(πŸ’) + (βˆ’πŸ“)(βˆ’π’™)
= πŸπŸπ’™ βˆ’ πŸ‘π’™πŸ βˆ’ 𝟐𝟎 + πŸ“π’™
=
βˆ’πŸ‘π’™πŸ
+ πŸπŸ•π’™ βˆ’ 𝟐𝟎
𝒇
) (𝒙)
π’ˆ
(d) (
=
πŸ‘π’™βˆ’πŸ“
πŸ’βˆ’π’™
(e) (𝒇 ∘ π’ˆ)(𝒙) = 𝒇 π’ˆ(𝒙)
= πŸ‘(πŸ’ βˆ’ 𝒙) βˆ’ πŸ“
= 𝟏𝟐 βˆ’ πŸ‘π’™ βˆ’ πŸ“
= βˆ’πŸ‘π’™ + πŸ•
(f) (π’ˆ ∘ 𝒇)(𝒙) = π’ˆ 𝒇(𝒙)
= πŸ’ βˆ’ (πŸ‘π’™ βˆ’ πŸ“)
= πŸ’ βˆ’ πŸ‘π’™ + πŸ“
= βˆ’πŸ‘π’™ + πŸ—
Inverse Functions
οƒ˜ Inverse Functions
Functions f and g for which π’ˆ 𝒇(𝒙) = 𝒙 for all x in the domain of g, and 𝒇 π’ˆ(𝒙) = 𝒙 for all x in the
domain of f, are called inverse functions. In this case, we denote g by π’‡βˆ’πŸ, read as β€œf inverse.”
The functions f and g are inverse functions if, whenever the pair (a, b) satisfies 𝑦 = 𝑓(π‘₯), the pair (b, a)
satisfies 𝑦 = 𝑔(π‘₯). Note that when this happens,
𝒇 π’ˆ(𝒙) = 𝒙 and π’ˆ 𝒇(𝒙) = 𝒙
for all x in the domain of g and f, respectively.
EX) The function that can be used to convert a temperature of π‘₯° Celsius to a Fahrenheit temperature is
9
𝐹(π‘₯) = π‘₯ + 32
5
The function that can be used to convert a temperature of π‘₯° Fahrenheit back to a Celsius temperature is
𝐢(π‘₯) =
5π‘₯ βˆ’ 160
9
To see how the two conversion formulas for temperature are related, find 𝐢(𝐹(π‘₯)) and 𝐹(𝐢(π‘₯)) and determine if the functions are
inverse functions.
We compute π‘ͺ(𝑭(𝒙)) and 𝑭(π‘ͺ(𝒙)). Evaluating C at 𝑭(𝒙) gives
πŸ—
πŸ“ ( 𝒙 + πŸ‘πŸ) βˆ’ πŸπŸ”πŸŽ πŸ—π’™ + πŸπŸ”πŸŽ βˆ’ πŸπŸ”πŸŽ πŸ—π’™
πŸ“
π‘ͺ(𝑭(𝒙)) =
=
=
=𝒙
πŸ—
πŸ—
πŸ—
and evaluating F at π‘ͺ(𝒙) gives
𝑭(π‘ͺ(𝒙)) =
πŸ— πŸ“π’™ βˆ’ πŸπŸ”πŸŽ
πŸ’πŸ“π’™ πŸπŸ’πŸ’πŸŽ
βˆ—(
) + πŸ‘πŸ =
βˆ’
+ πŸ‘πŸ = 𝒙 βˆ’ πŸ‘πŸ + πŸ‘πŸ = 𝒙
πŸ“
πŸ—
πŸ’πŸ“
πŸ’πŸ“
Because π‘ͺ(𝑭(𝒙)) = 𝒙 and 𝑭(π‘ͺ(𝒙)) = 𝒙, the two functions F and C are inverse.
οƒ˜ Finding the Inverse of a Function
To find the inverse of the function f that is defined by the equation 𝑦 = 𝑓(π‘₯):
1. Rewrite the equation replacing 𝒇(𝒙) with y.
2. Interchange x and y in the equation defining the function.
3. Solve the new equation for y. if this equation cannot be solve uniquely for y, the original
function has no inverse function.
4. Replace y with π’‡βˆ’πŸ (𝒙).
οƒ˜ Graphs of Inverse Functions
The graphs of a function and its inverse are symmetric with respect to the line π’š = 𝒙.
EX) (a) Find the inverse function of 𝑓(π‘₯) =
2π‘₯βˆ’1
3
Using the steps for finding the inverse of a function, we have
π’š=
πŸπ’™βˆ’πŸ
𝒙=
πŸπ’šβˆ’πŸ
1. Replace 𝒇(𝒙) with y.
πŸ‘
2. Interchange x and y.
πŸ‘
πŸ‘π’™ = πŸπ’š βˆ’ 𝟏
3. Solve for y.
πŸ‘π’™ + 𝟏 = πŸπ’š
πŸ‘π’™+𝟏
𝟐
=π’š
π’‡βˆ’πŸ (𝒙) =
(b) Graph 𝑓(π‘₯) =
2π‘₯βˆ’1
3
πŸ‘π’™+𝟏
𝟐
and its inverse function on the same axes.
4. Replace y with π’‡βˆ’πŸ (𝒙)
π’‡βˆ’πŸ (𝒙) =
πŸ‘π’™+𝟏
𝟐
π’š=𝒙
𝒇(𝒙) =
πŸπ’™βˆ’πŸ
πŸ‘
Exponential Functions
οƒ˜ Exponential Function
If b is a positive real number, 𝑏 β‰  1, then the function 𝒇(𝒙) = 𝒃𝒙 is an exponential function. The
constant b is called the base if the function and the variable x is the exponent.
οƒ˜ Exponential Growth Function
Equation:
𝑓(π‘₯)
π’š = 𝒂 π’ƒπ’Œπ’™ , 𝒃 > 𝟏, 𝒂 > 𝟎, π’Œ > 𝟎
*x-intercept:
none
*y-intercept:
(0, a)
*Domain:
all real numbers
*Range:
all real numbers y > 0
*Horizontal asymptote:
x-axis (the line y = 0)
*Shape:
increasing on domain and concave up
x
οƒ˜ Exponential Decay Function
Equation:
π’š = 𝒂 π’ƒβˆ’π’Œπ’™ , 𝒃 > 𝟏, 𝒂 > 𝟎, π’Œ > 𝟎
𝑓(π‘₯)
or
π’š = 𝒂(𝒄𝒙 ),
𝟎 < 𝒄 < 𝟏, 𝒂 > 𝟎
*x-intercept:
none
*y-intercept:
(0, a)
*Domain:
all real numbers
x
*Range:
y>0
*Horizontal asymptote:
x-axis (the line y = 0)
*Shape:
decreasing on domain and concave up
EX) determine if the following function is a growth exponential or a decay exponential.
𝑦 = 3βˆ’π‘₯
𝟏 𝒙
We can write the function π’š = πŸ‘βˆ’π’™ in the form π’š = ( ) because
πŸ‘
πŸ‘βˆ’π’™ = πŸ‘βˆ’πŸ
𝒙
𝟏 𝒙
=( )
πŸ‘
𝟏
In general, a function of the form 𝒇(𝒙) = 𝒛(π’ƒβˆ’π’™ ) with b > 1 can also be written in the form 𝒇(𝒙) = 𝒛(𝒄𝒙 ) 0 < c < 1 and 𝒄 = .
𝒃
Functions with equations of this form can be used to model exponential decay.
οƒ˜ Growth and Decay
For initial amount π‘Ž > 0, the equation π’š = π’‚π’ƒπ’Œπ’™ for 𝑏 > 1 defines a growth function if π‘˜ > 0 and a
decay function if 𝑑 < 0.
οƒ˜ Transformations of Graphs of Exponential Functions
Graphs of exponential function, like other types of functions, can be shifted, reflected, or stretched.
Transformations, which were introduced in Chapter 4.1, can be applied to graphs of exponential
functions.
Ex) a. Explain how the graph of 𝑦 = 3 π‘₯βˆ’4 compares to the graph of 𝑦 = 3 π‘₯
The graph of π’š = πŸ‘π’™βˆ’πŸ’ has the same shape as π’š = πŸ‘π’™ , but it is shifted 4 units to the right.
b. Explain how the graph of 𝑦 = 3 π‘₯ βˆ’ 4 compares to the graph of 𝑦 = 3 π‘₯
The graph of π’š = πŸ‘π’™ βˆ’ πŸ’ has the same shape as π’š = πŸ‘π’™ , but it is shifted 4 units down.
c. Explain how the graph of 𝑦 = 2 + 3 π‘₯βˆ’4 compares to the graph of 𝑦 = 3 π‘₯
The graph of π’š = 𝟐 + πŸ‘π’™βˆ’πŸ’ has the same shape as π’š = πŸ‘π’™ , but it is shifted 4 unis to the right and 2 units up.
d. Explain how the graph of 𝑦 = 5(3π‘₯ ) compares to the graph of 𝑦 = 3 π‘₯
As we saw in Chapter 4.1, multiplication of functions by a constant greater than 1 stretches the graph of the function
by a factor equal to that constant. Each of the y-values of π’š = πŸ“(πŸ‘π’™ ) is 5 times the corresponding y-value of π’š = πŸ‘π’™ .
Logarithmic Functions; Properties of Logarithms
οƒ˜ Logarithmic Function
For x > 0, b > 0, and 𝑏 β‰  1, the logarithmic function to the base b is
π’š = π’π’π’ˆπ’ƒ 𝒙
which is defined by 𝒙 = π’ƒπ’š
That is, π’π’π’ˆπ’ƒ 𝒙 is the exponent to which we must raise the base b to get the number x.
This function is the inverse function of the exponential function π’š = 𝒃𝒙 .
EX) 1. Write the logarithmic equations in exponential form; 2𝑦 = π‘™π‘œπ‘”5 π‘₯
To rewrite πŸπ’š = π’π’π’ˆπŸ“ 𝒙 in exponential form, note that the base of the logarithm, 5, becomes the base of the exponential
expression, and 2y equals the exponent in the equivalent exponential form. That is, the exponential form is
πŸ“πŸπ’š = 𝒙
2. Write the exponential equations in logarithmic form; 92π‘₯ = 𝑦
To rewrite πŸ—πŸπ’™ = π’š in logarithmic form, note that the base of the logarithm will be 9, the same as the base of the
exponential expression. Also not that 2x is the exponent in πŸ—πŸπ’™ = π’š, so y is the value of the logarithm. That is, the
exponential form of πŸ—πŸπ’™ = π’š is
πŸπ’™ = π’π’π’ˆπŸ— π’š.
οƒ˜ Natural Logarithms
The logarithmic function with base e is π’š = π’π’π’ˆπ’ƒ 𝒙, defined by 𝒙 = π’†π’š for all positive numbers x and
denoted by
𝒍𝒏𝒙 = π’π’π’ˆπ’† 𝒙
οƒ˜ Basic Properties of Logarithms
For 𝑏 > 0, 𝑏 β‰  1,
1. π’π’π’ˆπ’ƒ 𝒃 = 𝟏
2. π’π’π’ˆπ’ƒ 𝟏 = 𝟎
3. π’π’π’ˆπ’ƒ 𝒃𝒙 = 𝒙
4. π’ƒπ’π’π’ˆπ’ƒπ’™ = 𝒙
5. For positive real number M and N, if M = N, then π’π’π’ˆπ’ƒ 𝑴 = π’π’π’ˆπ’ƒ 𝑡
οƒ˜ Additional Logarithmic Properties
For 𝑏 > 0, 𝑏 β‰  1, k a real number, and M and N positive real numbers,
Product Property
6. π’π’π’ˆπ’ƒ (𝑴𝑡) = π’π’π’ˆπ’ƒ 𝑴 + π’π’π’ˆπ’ƒ 𝑡
Quotient Property
7. π’π’π’ˆπ’ƒ ( 𝑡 ) = π’π’π’ˆπ’ƒ 𝑴 βˆ’ π’π’π’ˆπ’ƒ 𝑡
Power Property
8.π’π’π’ˆπ’ƒ π‘΄π’Œ = π’Œ π’π’π’ˆπ’ƒ 𝑴
𝑴
EX) Rewrite the following expressions as a single logarithm.
a. π‘™π‘œπ‘”3 π‘₯ + 4 π‘™π‘œπ‘”3 𝑦
= π’π’π’ˆπŸ‘ 𝒙 + π’π’π’ˆπŸ‘ π’šπŸ’
Use Logarithmic Property 8.
= π’π’π’ˆπŸ‘ π’™π’šπŸ’
Use Logarithmic Property 6.
1
b. log π‘Ž + 3 log 𝑏
2
= π₯𝐨𝐠 π’‚πŸ/𝟐 βˆ’ π₯𝐨𝐠 π’ƒπŸ‘
= π₯𝐨𝐠(
π’‚πŸ/𝟐
π’ƒπŸ‘
Use Logarithmic Property 8.
)
Use Logarithmic Property 7.
c. ln(5π‘₯) βˆ’ 3 ln(𝑧)
= π₯𝐧(πŸ“π’™) βˆ’ 𝒍𝒏(π’›πŸ‘ )
Use Logarithmic Property 8.
πŸ“π’™
= π₯𝐧( πŸ‘ )
Use Logarithmic Property 7.
𝒛
EX) a. Use logarithmic properties to estimate ln(5𝑒) if ln 5 β‰ˆ 1.61.
π₯𝐧(πŸ“π’†) = π₯𝐧 πŸ“ + π₯𝐧 𝒆 β‰ˆ 𝟏. πŸ”πŸ + 𝟏 = 𝟐. πŸ”πŸ
15
b. Find π‘™π‘œπ‘”π‘Ž ( ) if π‘™π‘œπ‘”π‘Ž 15 = 2.71 and π‘™π‘œπ‘”π‘Ž 8 = 2.079
8
πŸπŸ“
π’π’π’ˆπ’‚ ( ) = π’π’π’ˆπ’‚ πŸπŸ“ βˆ’ π’π’π’ˆπ’‚ πŸ– = 𝟐. πŸ•πŸ βˆ’ 𝟐. πŸŽπŸ•πŸ— = 𝟎. πŸ”πŸ‘πŸ
πŸ–
152
c. Find π‘™π‘œπ‘”π‘Ž (
π’π’π’ˆπ’‚ (
√8
πŸπŸ“πŸ
βˆšπŸ–
) if π‘™π‘œπ‘”π‘Ž 15 = 2.71 and π‘™π‘œπ‘”π‘Ž 8 = 2.079
) = πŸ‘π’π’π’ˆπ’‚ (
πŸπŸ“πŸ
βˆšπŸ–
)
𝟏
= πŸ‘ π’π’π’ˆπ’‚ πŸπŸ“πŸ βˆ’ π’π’π’ˆπ’‚ πŸ–πŸ
= πŸ‘ πŸπ’π’π’ˆπ’‚ πŸπŸ“ βˆ’
𝟏
π’π’π’ˆπ’‚ πŸ–
𝟐
𝟏
= πŸ‘ 𝟐(𝟐. πŸ•πŸ) βˆ’ (𝟐. πŸŽπŸ•πŸ—)
𝟐
= πŸπŸ‘. πŸπŸ’πŸπŸ“
Exponential and Logarithmic Equations
οƒ˜ Solving Exponential Equations Using Logarithmic Forms
To solve an exponential equation using logarithmic form:
1. Rewrite the equation with the term containing the exponent by itself on one side.
2. Divide both sides by the coefficient of the term containing the exponent.
3. Change the new equation to logarithmic form.
4. Solve for the variable.
EX) Solve the equation 3000 = 150(1014𝑑 ) for t by converting it to logarithmic form.
1. The term containing the exponent is by itself on one side of the equation.
2. We divide both sides of the equation by 150.
πŸ‘πŸŽπŸŽπŸŽ = πŸπŸ“πŸŽ(πŸπŸŽπŸ’π’• )
𝟐𝟎 = πŸπŸŽπŸ’π’•
3. We rewrite this equation in logarithmic form.
πŸ’π’• = π’π’π’ˆπŸπŸŽ 𝟐𝟎 or πŸ’π’• = π₯𝐨𝐠 𝟐𝟎
4. Solving for t gives the solution:
𝒕=
π₯𝐨𝐠 𝟐𝟎
β‰ˆ 𝟎. πŸ‘πŸπŸ“πŸπŸ”
πŸ’
οƒ˜ Change of Base Formula
If 𝑏 > 0, 𝑏 β‰  1, π‘Ž > 0, π‘Ž β‰  1, and π‘₯ > 0, then
π’π’π’ˆπ’‚ 𝒙 =
π’π’π’ˆπ’ƒ 𝒙
π’π’π’ˆπ’ƒ 𝒂
In particular, for base 10 and base e,
π’π’π’ˆπ’‚ 𝒙 =
π₯𝐨𝐠 𝒙
π₯𝐨𝐠 𝒂
and
π’π’π’ˆπ’‚ 𝒙 =
π₯𝐧 𝒙
π₯𝐧 𝒂
οƒ˜ Solving Exponential Equations Using Logarithmic Properties
To solve an exponential equation using logarithmic properties:
1. Rewrite the equation with a base raised to a power on one side
2. Take the logarithm, base e or 10, of both sides of the equation.
3. Use a logarithmic property to remove the variable from the exponent.
4. Solve for the variable.
EX) Solve the following exponential equations:
a. 4096 = 82π‘₯
1. This equation has the base 8 raised to a variable power on one side
2. Taking the logarithm, base 10, of both sides of the equation πŸ’πŸŽπŸ—πŸ” = πŸ–πŸπ’™ gives
π₯𝐨𝐠 πŸ’πŸŽπŸ—πŸ” = π₯𝐨𝐠 πŸ–πŸπ’™
3. Using the Power Property of Logarithms removes the variable x from the exponent:
π₯𝐨𝐠 πŸ’πŸŽπŸ—πŸ” = 𝟐𝐱 π₯𝐨𝐠 πŸ–
4. Solving for x gives the solution.
π₯𝐨𝐠 πŸ’πŸŽπŸ—πŸ”
=𝒙
𝟐 π₯𝐨𝐠 πŸ–
𝒙=𝟐
b. 6(43π‘₯βˆ’2 ) = 120
1. We first isolate the exponential expression on one side of the equation by dividing both sides by 6.
πŸ” πŸ’πŸ‘π’™βˆ’πŸ
𝟏𝟐𝟎
=
πŸ”
πŸ”
πŸ’πŸ‘π’™βˆ’πŸ = 𝟐𝟎
2. Taking the natural logarithm of both sides leads to the solution.
π₯𝐧 πŸ’πŸ‘π’™βˆ’πŸ = π₯𝐧 𝟐𝟎
(πŸ‘π± βˆ’ 𝟐) π₯𝐧 πŸ’ = π₯𝐧 𝟐𝟎
πŸ‘π’™ βˆ’ 𝟐 =
πŸ‘π’™ =
π₯𝐧 𝟐𝟎
π₯𝐧 πŸ’
π₯𝐧 𝟐𝟎
+𝟐
π₯𝐧 πŸ’
π₯𝐧 𝟐𝟎
+𝟐
𝒙 = π₯𝐧 πŸ’
β‰ˆ 𝟏. πŸ‘πŸ–πŸ•
πŸ‘
Exponential Functions and Investing
οƒ˜ Future Value of an Investment with Annual Compounding
If $P is invested at an interest rate r per year, compounded annually, the future value S at the end of t
years is
𝑺 = 𝑷(𝟏 + 𝒓)𝒕
οƒ˜ Future Value of an Investment with Periodic Compounding
If $P is invested for t years at the annual interest rate r, where the interest is compounded k times per
π‘Ÿ
years, then the interest rate per period is 𝑑 , the number of compounding periods if kt, and the future value
that results is given by
𝒓 π’Œπ’•
𝑺 = 𝑷 (𝟏 + ) dollars
𝒕
EX) a. Write the equation that gives the future value of $1000 invested for t years at 8% compounded annually.
Substituting 𝑷 = 𝟏𝟎𝟎𝟎 and 𝒓 = 𝟎. πŸŽπŸ– in 𝑺 = 𝑷(𝟏 + 𝒓)𝒕 gives
𝑺 = 𝟏𝟎𝟎𝟎(𝟏 + 𝟎. πŸŽπŸ–)𝒕 or 𝑺 = 𝟏𝟎𝟎𝟎(𝟏. πŸŽπŸ–)𝒕
b. Write the equation that gives the future value of $1000 invested for t years at 8% compounded daily.
𝒓 π’Œπ’•
Substituting 𝑷 = 𝟏𝟎𝟎𝟎 and 𝒓 = 𝟎. πŸŽπŸ–, and π’Œ = πŸ‘πŸ”πŸ“ in 𝑺 = 𝑷 (𝟏 + )
𝒕
𝑺 = 𝟏𝟎𝟎𝟎 (𝟏 +
gives
𝟎. πŸŽπŸ– πŸ‘πŸ”πŸ“π’•
)
πŸ‘πŸ”πŸ“
οƒ˜ Future Value of an Investment with Continuous Compounding
If $P is invested for t years at an annual interest rate r compounded continuously, then the future value S
is given by
𝑺 = 𝑷𝒆𝒓𝒕 dollars
EX) a. What is the future value of $2650 invested for 8 years at 12% compounded continuously?
The future value of this investment is 𝑺 = πŸπŸ”πŸ“πŸŽπ’†πŸŽ.𝟏𝟐(πŸ–) = πŸ”πŸ—πŸπŸ. 𝟎𝟎 dollars
b. How much interest will be earned on this investment?
The interest earned on this investment is the future value minus the original investment:
$πŸ”πŸ—πŸπŸ βˆ’ $πŸπŸ”πŸ“πŸŽ = $πŸ’πŸπŸ•πŸ
Annuities; Loan Repayment
οƒ˜ Future Value of an Ordinary Annuity
If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate
i at the end of the period, the future value of the annuity is
𝑺 = 𝑹[
(𝟏 + π’Š)𝒏 βˆ’ 𝟏
]
π’Š
EX) Find the 5-year future value of an ordinary annuity with a contribution of $500 per quarter into an account that pays 8% per year
compounded quarterly.
𝟎.πŸŽπŸ–
The payments and interest compounding occur quarterly, so the interest rate per period is
= 𝟎. 𝟎𝟐 and the number of
πŸ’
compounding periods is πŸ’(πŸ“) = 𝟐𝟎. Substituting the information into the formula for the future value of an annuity gives
𝑺 = πŸ“πŸŽπŸŽ [
(𝟏 + 𝟎. 𝟎𝟐)𝟐𝟎 βˆ’ 𝟏
] = 𝟏𝟐, πŸπŸ’πŸ–. πŸ”πŸ–
𝟎. 𝟎𝟐
Thus, the future value of this investment is $12,148.68
οƒ˜ Present Value of an Ordinary Annuity
If a payment of $R is to be made at the end of each period for n periods from an account that earns
interest at a rate of i per period, then the account is an ordinary annuity, and the present value is
𝑨 = 𝑹[
𝟏 βˆ’ (𝟏 + π’Š)βˆ’π’
]
π’Š
EX) A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the
interest rate for a 25-year mortgage is 6% per year on the unpaid balance, what is the price of a house they can buy?
The amount of money that they can pay for the house is the sum of the down payment and the present value of the payments that
πŸ”%
𝟎.πŸŽπŸ”
they can afford to pay. The present value of the 𝟏𝟐(πŸπŸ“) = πŸ‘πŸŽπŸŽ monthly payments of $2200 with interest at
=
= 𝟎. πŸŽπŸŽπŸ“
𝟏𝟐
Per month is
𝑨 = 𝟐𝟐𝟎𝟎 [
𝟏 βˆ’ (𝟏 + 𝟎. πŸŽπŸŽπŸ“)βˆ’πŸ‘πŸŽπŸŽ
] = πŸ‘πŸ’πŸ, πŸ’πŸ“πŸ“. 𝟏𝟎
𝟎. πŸŽπŸŽπŸ“
They can buy a house costing $341,455 + $30,0000 = $371,455.10
𝟏𝟐
οƒ˜ Amortization Formula
If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at
the end of each period, then the size of each payment is
𝑹=𝑨
π’Š
𝟏 βˆ’ (𝟏 + π’Š)βˆ’π’
EX) A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year
mortgage at 9% per year on the unpaid balance,
a. What will be their equal monthly payment?
The amount of money that they must borrow is $230,000 - $50,000 = $180,000.
The number of monthly payments is 12(25) = 300, and the interest rate is
payment is
𝑹 = πŸπŸ–πŸŽ, 𝟎𝟎𝟎
πŸ—%
𝟏𝟐
=
𝟎.πŸŽπŸ—
𝟏𝟐
= 𝟎. πŸŽπŸŽπŸ•πŸ“ per month. The monthly
𝟎. πŸŽπŸŽπŸ•πŸ“
β‰ˆ πŸπŸ“πŸπŸŽ. πŸ“πŸ“πŸ‘
𝟏 βˆ’ (𝟏 + 𝟎. πŸŽπŸŽπŸ•πŸ“)βˆ’πŸ‘πŸŽπŸŽ
so the required payment would be $1510.55
b. What is the total amount they will pay before they own the house outright?
The amount that they must pay before owning the house is the down payment plus the total of the 300 payments:
$50,000 + 300($1510.55) = $503,168
c. How much interest will they pay?
The total interest is the total amount paid minus the price for the house. The interest is
$503,168 - $230,000 = $273,168