Name: _________________________________________ Date: __________________ Hour:__________

GUIDED NOTES: EXPONENTIAL FUNCTIONS

Background Information In your own words, what is an exponential function?

What does the equation look like?

What does each part of the equation represent?

How do you find the growth/decay rate when given a percentage (r)? Growth Decay **When using the percentage in an equation, I must always remember to change it to a _____________ by moving the decimal ______ places to the ____________. Graphing The general graph of an exponential function looks like this

If a is positive and b is greater than 1, then my graph will look like this

Integrated Math-Course 3

Ms. McCullough

If a is positive and b is between 0 and 1 (fraction or decimal), then my graph will look like this

If a is negative and b is greater than 1, then my graph will look like this

If a is negative and b is between 0 and 1 (fraction or decimal), then my graph will look like this

1. 2. 3. 4.

Basic Properties of the Graph: All graphs are continuous curves, with no holes or jumps. The x-axis is a horizontal asymptote. Define that! If , then the curve increases as x increases. If , then the curve decreases as x increases.

Properties of Exponents

= =

Integrated Math-Course 3

Ms. McCullough

Growth and Decay Applications 1. In 1982, the population of Somewhere, USA was 380,000. According to the US Census, the growth rate in that area was approximately .62% each year. Predict the population in the year 2012.

2. Mr. Williams drank a large cup of coffee in the morning. If the caffeine wears off at a rate of 5% per hour, what percentage is left in his bloodstream after 3 hours?

3. The table below shows the life expectancy (in years) at birth for residents of the United States from 1970 to 2005. Let x represent the number of years since 1970. Find an exponential regression model for this data and use it to estimate the life expectancy for a person born in 2015. Year of Birth 1970 1975 1980 1985 1990 1995 2000 2005 Life Expectancy 70.8 72.6 73.7 74.7 75.4 75.9 76.9 77.7

Compound Interest: If a principal P (present value or starting value) is invested at an annual rate r (written as a decimal) compounded n times a year, then the amount A (future value) in the account at the end of t years is given by

Continuously Compounded Interest: If a principal P (present value or starting value) is invested at an annual rate r (written as a decimal) is continuously compounded, then the amount A (future value) in the account at the end of t years is given by Example: What amount will an account have after 5 years if $12,000 is invested at an annual rate of 6% if a) Compounded weekly?

b) Compounded continuously?

Integrated Math-Course 3

Ms. McCullough