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Warm Up 1. ( x 2. 3 4 Jan. 4th 2 8 y )( x y z ) (3a b ) (2a b c) 3 4 2 3 3. 3 x y 18 x 2 y 7 2 0 6 3 4. r p s r 3 3 4 5. 16 x y 3 28 yx 2 5 Exponential Functions An exponential function is a function of the form y a b , where a 0, b 0, and b 1, and the exponent must be a variable. x The can be described by having a constant rate of change. However, unlike linear their rate of change is a constant rate of multiplication or division. y a b x So our general form is simple enough. The general shape of our graph will be determined by the exponential variable. Which leads us to ask what role does the ‘a’ and the base ‘b’ play here. Let’s take a look. Our general exponential form is y a b “b” is the base of the function and changes here will result in: When b>1, a steep increase in the value of ‘y’ as ‘x’ increases. When 0<b<1, a steep decrease in the value of ‘y’ as ‘x’ increases. x Review: what is an asymptote? “Walking halfway to the wall” y 10(2) In this An Asymptote example, is a line that a the graph asymptote approaches as is the x x or y axis. increases in absolute value. x Graphing Ex: Graph x y=ab when a<0 1 x 1 x y (2) and y (2) 2 2 Sketch your prediction of what the graph will look like Where is the asymptote? Translating y x y=ab How does the equation change if we want to move both graphs up 4 units? Predictions? 1 x 1 (2) and y (2) x 2 2 1 x 1 x y (2) 4 and y (2) 4 2 2 Question: where is the asymptote now? To move the graph up or down, add or subtract units at the end of the equations. No need to use inverses – if you want to go up, add; if you want to go down, subtract. Translating x y=ab How does the equation change if we want to move both graphs left 4 units? Predictions? 1 x 1 x y (2) and y (2) 2 2 1 1 y (2) x 4 and y (2) x 4 2 2 To move the graph left or right, add or subtract units to the exponent. Reminder: use the inverse of how you want the graph to move (e.g. x-4 moves to the right; x+4 moves to the left) Let’s try some What transformation is occurring in the function if the parent graph is y=9(3)x a) y 9(3) x 1 b) y 9(3) 4 x c) y 9(3) x4 1 “e = 2.718” What is base “e” ? e is an irrational number, approximately equal to 2.718. Exponential functions with a base of e are useful for describing continuous growth or decay. In the graph below, y = e is the asymptote to the graph. y=e Graphing x e Using your graphing calculators, graph y=ex. Evaluate e4 to four decimal places. We now need to evaluat e where x=4 2. Press 2nd, Calc and select 1 (value). Press enter 3. We are evaluating when x=4. Enter 4 for x and press enter. The value of e4 is about 54.59815 Your turn: evaluate e-3 0.0498 So, what is “e” good for??? Evaluating an Exponential Function 1. Example: Suppose 30 flour beetles are left undisturbed in a warehouse bin. The beetle population doubles each week. How many beetles will there be after 56 days? Step 1: Create Function. Step 2: Convert 56 days to weeks. Example: a) BUSINESS The amount of money spent at West Outlet Mall in Midtown continues to increase. The total T(x) in millions of dollars can be estimated by the function T(x)=12(1.12)x, where x is the number of years after it opened in 1995. According to the function, find the amount of sales in 2006, 2008 and 2010. b) Name the y-intercept. c) What does it represent in this problem? You Try 3. An initial population of 20 rabbits triples every half year. The function gives the population after x half-year periods. How many rabbits will there be after 3 years? Continuously Compounding Interest A = Pert A = amount of money in the account P = principal (how much is deposited) r = annual rate of interest t = time (in years) Example: Continuously Compounded Interest Problem You invest $1,050 at an annual interest rate of 5.5%, compounded continuously. How much will you have in the account after 5 years? •Start with: P=$1050, r=5.5% = 0.055, t=5 A = Pert Let’s try one: Suppose you invest $1,300 at an annual interest rate of 4.3%, compounded continuously. How much will you have in the account after three years? Suppose you invest $1,300 at an annual interest rate of 4.3%, compounded continuously. How much will you have in the account after three years? We know that in exponential functions the exponent is a variable. The Equality Property for Exponential Functions Suppose b is a positive number other than 1. Then b x b x 1 2 if and only if x1 x 2 . Basically, this states that if the bases are the same, then we can simply set the exponents equal. This property is quite useful when we are trying to solve equations involving exponential functions. Let’s try a few examples to see how it works. Example 1: 2x5 3 3 x 3 2x 5 x 3 x5 3 (Since the bases are the same we simply set the exponents equal.) x8 Here is another example for you to try: Example 1a: 3x 1 2 2 1 x 5 3 The next problem is what to do when the bases are not the same. 2x 3 3 27 x1 Does anyone remember how we might approach this? Our strategy here is to rewrite the bases so that they are both the same. Here for example, we know that 3 27 3 Example 2: (Let’s solve it now) 2x 3 3 27 x1 Example 3 16 x 1 1 32 By now you can see that the equality property is actually quite useful in solving these problems. Here are a few more examples for you to try. Example 4: Example 5: 2x 1 3 4 x 3 1 9 8 2x 1