BusinessMathematics1stedition Functions
BusinessMathematics1stedition Functions
Shahidul Islam
06
Chapter
Functions and Equations
Highlights:
84
Functions and Equations
6.3 Relation: If A and B be two sets then non empty subset of ordered pairs of Cartesian
product, A B is called relation of A and B and is denoted by R. If we consider x A and
y B then we get (x, y) R.
Example (i): If A = {1, 2, 3} and B = {3, 7} then A B = {(1, 3), (1, 7), (2, 3), (2, 7),
(3, 3), (3, 7)}. So, the relation x < y where x A and y B is R = {(1, 3), (1, 7), (2, 3),
(2, 7), (3, 7)}.
Example (ii): If A = {$2, $7, $8} is a set of cost of per unit product and B = {$5, $8} is
the set of selling price of per unit product of a production firm. Find the profitable relation
between cost and selling price.
Solution: Here, A B = {($2, $5), ($2, $8), ($7, $5), ($7, $8), ($8, $5), ($8, $8)}
A firm becomes profitable if its selling price of per unit product is greater than the cost of
per unit product. So, the profitable relation, R = {($2, $5), ($2, $8), ($7, $8)}. (Answer)
6.4 Function: If ‘f ’ is a rule which associates every element of set X with one and only
one element of set Y, then the rule ‘f ’ is said to be the function or mapping from the set X
to the set Y. This we write symbolically as
f : X Y
If y is the element of Y, that corresponds to an element x of X, given by the rule f, we
write this as follows:
y = f(x) ; Here x is independent variable and y is dependent variable.
The set X is known as ‘Domain’ and the set Y is known as ‘Co-domain’. The set formed
with those elements of the set Y that are in correspondence with at least one element of X
is called the range.
Example: f : R R; f(x) = x 2
Here, the set of real numbers, R are simultaneously domain and co domain and the set of
positive real number, R+ is the range.
6.5 Types of functions: We shall now introduce some different types of functions, which
are particularly useful in different branches of Mathematics.
1. One-one (1-1) Function: If the function f corresponds to the different elements of the
set Y for the different elements of set X, then the function is known as one-one (1-1)
function. f
3
Example: f(x) = 2x + 1 1 7
X
2 Y
3 5
10
Figure 6.1
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S. M. Shahidul Islam
3. One-one and onto function: If the function f satisfies the properties of one-one
function and onto function then it is known as one-one and into function.
Example: f: X Y : f(x) = x + 1 f
1 2
2 3
Y
X
3 4
4
5
Figure 6.3
4. One valued function: When a function has only one value corresponding to each value
of the independent variable, the function is called a one valued function.
Example: If f(x) = x3, f(x) is a one or single valued function.
5. Many valued function: When a function has several values corresponding to each
value of the independent variable, it is called many-valued function or multiple valued
function.
Example: If y = f(x) = x , y is a many valued function of x.
7. Implicit function: The function which is not expressed directly in terms of the
dependent variable, there is a mutual relationship between the dependent and the
independent variables.
Example: x2 + y2 = 10 is an explicit function because
y = 10 x 2 .
8. Algebraic function: When the relation, which involves only a finite number of terms
and the variables, are affected only by the operations of addition, subtraction,
multiplication, division, powers and roots, the relation is said to be an algebraic function.
86
Functions and Equations
9. Transcendental function: All the functions of x, which are not algebraic, are called
transcendental functions. Thus, f(x) = ex + 2x + 1 is a transcendental function.
We have the following subclasses of transcendental functions:
i) Exponential function: f(x) = ex+1
ii) Logarithmic function: f(x, y) = log (x + y)
iii) Trigonometric function: f(x) = sin x
iv) Inverse trigonometric function: f(x) = sin-1x
10. Rational function: Expressions involving x, which consist of a finite number of terms
of the form axn, in which ‘a’ is a constant and ‘n’ a positive integer is called a rational
function of x.
x2 6
Example: y = f(x) = 4x4 + 9x – 7 and y = f(x) = are rational functions.
3x 3 2
12. Monotone Function: When the dependent variable increases with an increase in the
independent variable, the function is called a monotonically increasing function. And
when the dependent variable decreases with an increase in the independent variable, the
function is called a monotonically decreasing function.
Example: y = f(x) = 2x is a monotonically increasing function
1
y = f(x) = is a monotonically decreasing function
2x
13. Even function: If a function f (x) is such that f (-x) = f(x), then it is called an even
function of x.
Example: y = f(x) = 2x2 is an even function.
14. Odd function: If a function f (x) is such that f (-x) = -f (x), then, it is said to be an odd
function of x.
Example: y = f(x) = 2x is an odd function of x.
15. Periodic Function: If f (x) = f (x + p) for all value of x, then f (x) is called a periodic
function with period p.
Example: y = f(x) = sin x is a periodic function with period 2π.
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S. M. Shahidul Islam
Note: In coordinate geometry a is called slope and b is called y-intercept of the straight
line that is represented by y = ax + b.
Example: The equation of the line that has a slope of 3.2 and y-intercept of 5 is y =3.2x +5
6.7 Inequality: When two mathematical expressions become connected by the inequality
sign ( or or or or ) is known as an inequality.
Example: 3x2 + 4x + x > 2x + 1
3x + 1 > 0, are inequalities.
Example: In the graph, draw the solution space of the inequality 2x + y ≥ 11.
Solution: To draw the graph, firstly we consider the equation 2x + y = 11.
So, y = 11 – 2x - - - (i)
Substituting x = 1, 3 and 5 in equation (i) we get the following chart:
x 1 2 5
y 9 7 1
Plotting the point (1, 9), (2, 7) and (5, 1) in the following graph we get a straight line.
Y
_
10
9
_
_
_(1, 9)
8
7
_(2, 7)
6
_
5
_
4
_
3
_
2
_ (5, 1)
1
| | | | | | | | | | | X
0 1 2 3 4 5 6 7 8 9 10 11
Figure 6.4
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Exponential and Logarithmic Functions
07
Chapter
Exponential and Logarithmic Functions
Highlights:
7.1 Introduction 7.4 Logarithmic function
7.2 Exponential function 7.4.1 Laws of logarithmic operations
7.2.1 Properties of Exponents 7.4.2 Relation between natural and
7.2.2 Graph of exponential function common logarithms
7.2.3 Applications of exponential functions 7.4.3 Graph of logarithmic function
7.3 Surds 7.5 Some worked out Examples
7.3.1 Formulae of surd 7.6 Exercise
7.3.2 Rationalization of surd
7.1 Introduction: The main object of this chapter is to review the nature and properties of
exponents, exponential functions, logarithms and logarithmic functions. The concept of
exponential and logarithmic functions is very useful in various parts of mathematics. We
shall look at some very important applications of these functions here and in the chapter of
mathematics of finance. Until twenty years ago, students labored with extensive tables of
logarithms and exponential values, but today we are fortunate to have these numerical
values at our fingertips via the scientific calculator and computer.
7.2 Exponential function: If a, x R, a > 0 and a ≠ 1 then the function f(x) = ax is called
an exponential function. Here, “a” is called ‘base’ and “x” is called the ‘exponent’.
Example: f(x) = 5ex
f(x) = 10x
f(x) = (2.5) x + 1 are exponential function
But f(x) = x10 is not an exponential function because the exponent “10” is not variable.
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S. M. Shahidul Islam
ax
i.e., y = a x – y
a
4. The quantity ax to the power y is equal to axy
y
i.e., a x = axy
5. The base ab to the power x is equal to ax times ay
i.e., (ab)x = ax. by
6. The base a/b to the power x is equal to ax over bx
x
a ax
i.e., = x
b b
7. A base to the power –x is equivalent to one over that base to the power x
1
i.e., a-x = x
a
Example: Apply the law of exponents to simplify the following expression and write the
result with positive exponents.
3 x ( x 2 ) y 5
4 x4 y2
Solution: Given that,
3 x ( x 2 ) y 5 3 x12 y 5
=
4 x4 y2 4 x4 y2
3 x 1 y 5
=
4 x4 y2
3 1 4 52
= x .y
4
3 5 3
= x .y
4
3y3
= (Answer)
4x5
1 1 1
Example: Show that a b a c
b c ba
1
1 x x 1 x x 1 x x c b
c a
1 1 1
Solution: L.H.S = a b a c
b c ba
1 x x 1 x x 1 x x c b
c a
1 1 1
= b c
c a
1 x .x x .x
a a
1 x .x x .x
b b
1 x .x x c .x b
c a
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Exponential and Logarithmic Functions
x a .1 x b .1 x c .1
= a
x (1 x a .x b x a .x c ) x b (1 x b .x c x b .x a ) x c (1 x c .x a x c .x b )
[Multiplying both the numerator & the denominator of first, second and third terms by
x a , x b and x c respectively.]
x a x b x c
= a
x x b x c x b x c x a x c x a x b
( x a x b x c )
= a
( x x b x c )
= 1 = R.H.S (Proved)
x 0 1 2 3 -1 -2 -3
f(x) = 2 x 1 2 4 8 0.5 0.25 0.125
f(x) = 2 x
6
5
4
3
2
1
-4 –3 –2 –1 0 1 2 3 4 5 6
Figure 7.1
From the graph we see that as x becomes large positively, 2 x increases rapidly; and as x
takes on values more and more negative, 2 x seems to decrease to zero. That is, the graph
of exponential function 2 x is asymptotic to the negative x-axis.
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S. M. Shahidul Islam
x
1
Graph of exponential function: f(x) =
x
2
1
f(x) =
2 6
5
4
3
2
1
-4 –3 –2 –1 0 1 2 3 4 5 6
Figure 7.2
From the above two graph we can see that exponential functions comes in two forms;
those with a > 1 increase to the right and those with 0< a <1 decrease to the right. All
exponential functions of the form ax
1. pass through the point (0, 1);
2. are positive for all values of x; and
3. tend to infinity in one direction and zero in the other.
Example 2: (Advertising Response) A large recording company sells tapes and CDs by
direct mail only. Advertising is done through network television. Much experience with
response to an advertising approach has allowed analysts to determine the expected
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Exponential and Logarithmic Functions
response to an advertising program. Specifically, the response function for classical music
CDs and tapes is R = f(t) = 1 – e-0.05t, where R is the percentage of customers in the target
market actually purchasing the CD or tape and t is the number of times an advertisement is
run on national TV.
a) What percentage of the target market is expected to buy a classical music offering
if advertisements are run one time on TV? 5 times? 10 times? 15 times? 20 times?
b) Sketch the response function R = f(t).
Solution: a) Given that the expected response to the advertising program,
R = f(t) = 1 – e-0.05t ; where t is the number of times to play the advertisement.
If the advertisement plays 1 time then the expected percentage of response,
R = f(1) = 1 – e(-0.05)(1) = 1 – 0.9512294 = 0.0488 = 0.0488 100% = 4.88%
If the advertisement plays 5 time then the expected percentage of response,
R = f(5) = 1 – e(-0.05)(5) = 1 – 0.7788007 = 0.2212 = 0.2212 100% = 22.12%
If the advertisement plays 10 time then the expected percentage of response,
R = f(10) = 1 – e(-0.05)(10) = 1 – 0.6065306 = 0.3935 = 0.3935 100% = 39.35%
If the advertisement plays 15 time then the expected percentage of response,
R = f(15) = 1 – e(-0.05)(15) = 1 – 0.4723665 = 0.5276 = 0.5276 100% = 52.76%
If the advertisement plays 20 time then the expected percentage of response,
R = f(20) = 1 – e(-0.05)(20) = 1 – 0.3678794 = 0.6321 = 0.6321 100% = 63.21%
b) The graph is as follows
0.6 f(t) = 1 – e-0.05t
0.5
0.4
0.3
0.2
0.1
-10 -5 0 5 10 15 20
Figure 7.3
7.3 Surds: A surd is defined as the irrational root of a rational number of the type n a ,
where it is not possible to extract exactly the nth root of “a”. In other words, a real number
n
a is called a surd, if and only if
i) it is an irrational number, and
ii) it is a root of a rational number.
In the surd n a , the index “n” is called the order of the surd and “a” the radicand. A surd
can always be expressed with fractional indices.
1
n n
i.e., a = a
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S. M. Shahidul Islam
1
10 10
And 5 = 5 etc.
Illustration: 2 , 3 and 3 7 are surds, since 2, 3 and 3
7 are the irrational roots
of the rational numbers 2, 3 and 7 respectively.
1
But 4 16 is not a surd, because 4 16 = 2 4 4 = 2 is not an irrational number.
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Exponential and Logarithmic Functions
1
n 14 n
9 . 3.3
n
Example: Show that n
= 27 [AUB-2002]
3 3
1
n
1
n
9 . 3.3
n 4
Solution: L.H.S =
n
3 3
1
2 n 14 n 1 n
1
3 .3 2
=
1
3. 3 n 2
1
2n
1 n 1
n
3 .3 2 2
= n
31 2
1
2 n 12 n21 n
3
= 2 n
3 2
1
2 n 1 n 1 2 n n
= 3 2 2 2
1
4 n 1 n21 2 n n
= 3
1
6n n
= 3 2
6n 1
.
2 n
=3
= 33
= 27 = R.H.S
So, L.H.S = R.H.S (Proved)
7.4 Logarithmic function: If ax = n; a >0 and a 1 then “x” is said to be the logarithm of
the number n to the base “a”. Symbolically it can be expressed as follows:
Log a n = x
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S. M. Shahidul Islam
116
Exponential and Logarithmic Functions
7.4.2 Relation between natural and common logarithms: The natural logarithm of a
number is equal to the quotient of the common logarithm of that number and the common
logarithm of e
log m log 10 m
that is, ln m = Or, log e m
log e log 10 e
Proof: Let log e m x so that e = m x
- - - (1)
log 10 m = y so that 10 y = m - - - (2)
1
z z
and log 10 e = z so that 10 = e => 10 = e - - - (3)
From equations (1) and (2), we get
ex = 10 y
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S. M. Shahidul Islam
y
1z
=> e = e
x
[Using equation (3)]
y
z
=> ex = e
y
=> x =
z
log 10 m
i.e., log e m
log 10 e
log m
Or, ln m = (Proved)
log e
2.0
1.5
1.0
0.5
-3 -2 -1 0 1 3 4 5 6 7 8
-0.5
-1.0
Figure 7.4
From the graph we see that the curve rises slowly, but always rises, to the right of x = 1.
Recalling that x can not be zero or negative, we conclude that to the left of x = 1 the curve
falls indefinitely as x gets closer to zero, but never touches the y-axis.
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Exponential and Logarithmic Functions
6x 6 6
1 1 3
1
Or, 6 x 6.6 2 = 6 2 = 6 2
3
So, x = (Answer)
2
Example (4): Assume that, for some base, log x = 0.5, log y = 1.5 and log z = 3. Compute
xy
the value of log 1 . [RU-91]
3
z
Solution: Given that, log x = 0.5, log y = 1.5 and log z = 3
1
xy
Now, log 1 = log (xy) – log z 3
3
z
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S. M. Shahidul Islam
1
= log x + log y – log z
3
= 0.5 + 1.5 –
1
3
3
= 2.0 – 1
=1 (Answer)
Example (7): Find the value of i when 10000 (1 + i)10 = 30000 [AUB-03,]
Solution: Given that, 10000(1 + i)10 =30000
30000
Or, (1+ i)10 =
10000
Or, (1+ i)10 = 3
Or, ln (1+ i)10 = ln 3 [Taking natural logarithm of both sides]
Or, 10 ln (1+ i) = 1.0986 [Using calculator]
Or, ln (1+ i) = 0.10986
Or, antiln{ln(1+ i)} = antiln 0.10986
Or, 1+ i = 1.11612 [Using calculator]
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Exponential and Logarithmic Functions
Or, i = 1.11612 – 1
So, i = 0.11612 (Answer)
Example (9): If log 10 2 = 0.3010, then find the value of log 8 25 [AUB-02]
Solution: Given that, log 10 2 = 0.3010
log 25 log 10 m
Now, log 8 25 10 [We know, log e m ]
log 10 8 log 10 e
100
log 10
= 4
log 10 2 3
log 10 100 log 10 4
=
3 log 10 2
log 10 (10) 2 log 10 (2) 2
=
3 log 10 2
2 log 10 10 2 log 10 2
=
3 log 10 2
2 1 2 0.3010
=
3 0.3010
= 1.548 (Answer)
16 25 81
Example (10): Show that log 2 + 16 log + 12 log + 7 log =1
15 24 80
[CMA-94, NU-94]
16 25 81
Proof: L.H.S = log 2 + 16 log + 12 log + 7 log
15 24 80
16 12 7
16 25 81
= log 2 + log + log + log
15 24 80
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S. M. Shahidul Islam
2
4 16
52
12
34
7
= log 2 3 4
3.5 2 .3 2 .5
2 64 5 24 328
= log 2 16 16 36 12 28 7
3 .5 2 .3 2 .5
= log 21643628 3281216 524167
= log 21 30 51
= log 2 1 5
= log 10
= 1 [We know that log 10 10 1 ]
= R.H.S (Proved)
1 3 log 1728
Example (11): Find the value of . [CMA-93]
6 1 1
1 log 0.36 log 8
2 3
1 3 log 1728 1 3 3.2375437
Solution: . = .
6 1 1 6 1 1
1 log 0.36 log 8 1 (0.4436975) 0.9030899
2 3 2 3
[Using calculator]
1 9.7126311
= .
6 1 0.2218487 0.3010299
1 3.1165094
= .
6 1.0791812
3.1165094
=
6.4750872
= 0.4813077 (Answer)
1 1 1
Example (12): Show that 1 [NU-95]
log a bc 1 log b ca 1 log c ab 1
1 1 1
Solution: L.H.S =
log a bc 1 log b ca 1 log c ab 1
1 1 1
=
log a bc log a a log b ca log b b log c ab log c c
1 1 1
=
log a abc log b abc log c abc
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Exponential and Logarithmic Functions
Example (13): Find the value of log 2 log 2 log 3 log 3 27 3 [AUB-02 MBA]
Solution: log 2 log 2 log 3 log 3 27 = log log log log 3
3
2 2 3 3
9
7.6 Exercise:
1. Define exponential function. And discuss the properties of exponents.
2. What do you mean by surd?
3. Define natural and common logarithms. What is difference between natural and
common logarithms?
4. State and prove relation between natural and common logarithms.
5. (Credit Card Collections) A major bank offers a credit card, which can be used
internationally. Data gathered over time indicate that the collection percentage for
credit issued in any month is an exponential function of the time since the credit
was issued. Specifically, the function approximating this relationship is
C = f(t) = 0.92(1- e-0.1t); t ≥ 0
where C equals the percentage of accounts receivable (in taka) collected t months after the
credit is granted.
(a) What percentage is expected to be collected after 1 month?
[Answer:8.75%]
(b) What percentage is expected after 3 months? [Answer: 23.84%]
(c) What value does C approach as t increases without limit (t → ∞)?
[Answer:92%]
3
6. Find the value of (i) (23)2 (ii) (121)0.5 (iii) 16 4
[Answer: (i) 64 (ii) 11 (iii) 1/8]
1
7. Find the value of 1 1 1 x 3 1 1 3
[Answer:
1
]
x
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S. M. Shahidul Islam
1 1 1
rqpr p q rppq q r qp rq r p
8. Show that x x x 1
1632 2 4 55 1
m 3m 2 m 1 m 1
9. Show that [AUB-02]
152 16
m 1 m
52m
10. Find the value of log 5 3 5 5 [Answer: ]
5
6
11. Find the value of x: (i) log x 81 4 (ii) log 2 5 400 x [Answer: (i) 3, (ii) 4]
12. Using the definition of logarithm find the value of x: log x (4 x 3) log x 4 2
3 1
[Answer: , ] [NU-2000]
2 2
13. Solve for x: (i) 10x = 8. (ii) 2x.32x +1 = 74x + 3 [Answer: (i) 0.90309 (ii) – 0.9685]
14. Solve for x: log x 3 log x 9 log x 729 9 [Answer: 3] [AUB-01]
15. Assume that for some base, log a = 0.3, log b = 2.8642 and log c = 1.7642. Find
3 12
a b
the value of log [Answer: 0.5676] [NU-01]
c
16. Compute the value of x from 10 log5 = x [Answer: 5]
1
[Hints: After simplification, we get 10 15 . Let x = 10 15 and then use log and antilog
respectively to find the value of x.]
16 25 81
19. Simplify: 7 log 5 log 3 log [Answer: log 2 ] [NU-99]
15 24 80
20. Find the value of log 2 6 log 2 2 [Answer: 1]
3
b bb
a
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Exponential and Logarithmic Functions
1 1 1
(ii) 2
log pq ( pqr ) log qr ( pqr ) log rp ( pqr )
1 1 1
(iii) 2 [CMA-95]
log 6 24 log 8 24 log 12 24
24. Using the definition of logarithm find the value of x from log 2 log 3 log 2 x 1.
[Answer: 512] [AUB-02]
log a log b log c
25. If , prove that
x y yz zx
(i) abc = 1
log a log b log c log a
(ii) a x y .b y z .c z x 1 [Hints: let = M, So, M
x y yz zx x y
Or, log a = M(x – y) Or, (x + y)log a = M(x – y)(x + y) Or, log a(x + y) = M(x2 – y2).
Similarly, log a(y + z) = M(y2 – z2) and log a(z + x) = M(z2 – x2). Now add.]
125