4.7$applications$ $ Homework:$$$Growth%and Cay%problems%
4.7$applications$ $ Homework:$$$Growth%and Cay%problems%
4.7$Applications$
Homework:$$$Growth%and%Decay%Problems%
Worksheet%#4,%5,%8,%13F16%
%
%
%
Learning$Objectives/Success$Criteria:$$At%the%end%of%this%lesson%I%will%be%able%to:%
Use%the%exponential%function%to%explore%growth/decay%applications$
Date:%
$
$
The%general%model%for%exponential%growth/decay%is:%
%
%
%
%
%
%
%
%
1. What%is%the%initial%investment%needed%if%we%want%$1000%in%5%years%invested%at%9%%per%annum%
compounded%annually?%
%
2. In%1947,%an%investor%bought%Van%Goghs%painting%Irises%for%$84%000.%%In%1987,%she%sold%it%for%$49%million.%%
What%was%the%annual%rate?%
%
3. Suppose%you%invest%$200%at%8%%per%annum%compounded%annually.%%How%many%years%would%it%take%it%to%
grow%to%$300?%
%
4. The%percent%P%of%surface%light%underwater%decreases%by%2.5%%for%every%1%m%depth.%%At%what%depth%is%only%
50%%of%the%surface%light%present?%
%
Logarithm$
The%inverse%of% y = a x %is% x = a y %for% a > 0 .%%To%write% x = a y %in%the%form% y = f(x) ,%we%define%a%new%term:%
The%logarithm%of%a%number%to%a%given%base%is%the%exponent%that%must%be%used%with%that%base%to%obtain%
that%given%number%
%
Example:%%The%logarithm%of%64%to%the%base%of%2%is%% %
,%since% 26 = 64 .%
Notation:%
%
%
%
Our%calculators%are%programmed%to%use%base%10:%% log100 = %
log a a = %
log a 1 = %
%
If%x,%n%are%real%numbers,%and%x>0,%then% log a (x n )= nlog a x, a > 0, a 1 :%
Proof:%%