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3.2 NOTES - Applications of Exponential Functions-1

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3.2 NOTES - Applications of Exponential Functions-1

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sixtoc1
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© © All Rights Reserved
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Precalculus 3.

2 NOTES: Applica�ons of Exponen�al Func�ons Name:__________________

General Form of an Exponential Equation: 𝒚𝒚 = 𝒂𝒂𝒃𝒃𝒙𝒙 , where 𝑏𝑏 > 0 and 𝑏𝑏 ≠ 1,

and where 𝑎𝑎 is the initial amount, 𝑏𝑏 is the continuous rate of change, and 𝑦𝑦 is the amount after 𝑥𝑥 amount of time.

Continuous Compound
Exponential Growth/Decay Compound Interest
Interest
𝒓𝒓
𝑨𝑨 = 𝑷𝑷(𝟏𝟏 + 𝒓𝒓)𝒕𝒕 𝑨𝑨 = 𝑷𝑷(𝟏𝟏 − 𝒓𝒓)𝒕𝒕 𝑨𝑨 = 𝑷𝑷(𝟏𝟏 + )𝒏𝒏𝒏𝒏 𝑨𝑨 = 𝑷𝑷𝒆𝒆𝒓𝒓𝒓𝒓
𝒏𝒏
P = principal/initial amount, r = rate (decimal), t = time (in years), n = number of compounding periods per year

1. If you deposited $1100 in an account that is compounded continuously at a rate of Formula:


3.9%, what would be your ending balance after 9 years?

2. A town was populated about 20,700. From 1970 to 1995, it grew at an average
Formula:
annual rate of 1.8%. What would be the population of this town in 1995?

3. You deposit $5000 in a bank account. Find the balance after 8 years if it is
Formula:
compounded biannually at a 3.1% annual interest.

4. If a snowmobile costs $7900 and it decreases at a rate of 22% each year, after 3 Formula:
years, what would the value of the snowmobile be under normal circumstances?
5. Kris�n starts an experiment with 7500 bacteria cells. A�er 4 hours, there are 23,000 cells. Formula:
a. Write an exponen�al func�on that could be used to model the number of bacteria
a�er x hours, if the number of bacteria changes at the same rate.

b. How many bacteria cells can be expected in the sample a�er 12 hours?

6. In 2000, the popula�on of Phoenix was 1,321,045. By 2007, it was es�mated at 1,512,986. Formula:
a. Write an exponen�al func�on that could be used to model the popula�on of Phoenix.
Write x in terms of the number of years since 2000.

b. Predict the popula�on of Phoenix in 2013.

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