Methods Unit 3 - Chapter 6
Methods Unit 3 - Chapter 6
Ill
Chapter 6.
The exponential function.
Situation
The three Ripoff brothers, Muscles, Brains and Sneaky, run "The Concrete Boot Loan
Company". They charge 100% per annum on all loans, with the interest compounded
annually!
If you borrow $100 for one year then at the end of the year Muscles comes to collect
what you owe. How much would that be?
"Hey, " said Brains, "I think we need to raise our interest rate. We're being too easy
on the customers. "
"Yeah, " agreed Sneaky, "But we need to do it without them realising we've done it. "
"Ow you gonna do that Sneaky?" asked Brains.
"Well, what if we still charge 100% per annum but compound it every six months.
That way we charge 50% per six months which sounds the same but in fact we'll
get more. "
How much would Muscles be sent to collect after one year if you have borrowed $100
for the year under this new scheme?
"But if that's gonna get us more why not charge 100% per annum compounded
quarterly (i.e. four times per year), " chipped in Muscles.
Brains and Sneaky stared at Muscles in amazement. He was never one to put
forward sensible suggestions but what he said seemed to have some merit.
How much would you owe at the end of the $100 one year loan under this new scheme?
How does it effect what you owe at the end of a $100 one year loan as this compounding
period is reduced? Investigate and write a brief report of your findings.
118 Mathematics Methods. Unit Three. ISBN 9780170350501.
The situation on the previous page involved the growth of a loan. Did you find that the
number 2-71828, (approximately), played an important part?
You should have found that · if $P is borrowed for one year at 100% per annum,
compounded n times in the year, the amount owed at
the end of the year is P( 1 + - 1 .
/ l\n
and that · as n -^ oo then i l + - J -* 2-71828, correct to five
decimal places.
The repetitive multiplication by some constant gives rise to expressions in which the
variable appears as an index, power or exponent, e.g. 2X, 317'1 etc.
In this chapter we are particularly interested in exponential expressions having a
base of e, for example ex, e2x, e 2t , e~"°'4t, etc.
ISBN 9780170350501. Chapter Six: The exponential fonction. 119
Example 1
A certain culture of bacteria grows in such a way that t days after observation
commences the number of bacteria present, N, is given by:
N*2000e°' 75t .
Determine the number of bacteria present
(a) when observation commenced,
(b) three days after observation commenced,
(c) ten days after observation commenced.
(b) If t = 3 JV * 2000e°*75x3
* 18975 2000e°- 7 5 x 3
Three days after observation 18975.47167
commenced there were approximately
19 000 bacteria present. 2000e 0 · 7 5 * 1 0
3616084.829
75xl
(c) If t = 10 JV * 2000e°' °
« 3 616085
Ten days after observation commenced there were approximately 3 600 000
bacteria present.
120 Mathematics Methods. Unit Three. ISBN 9780170350501.
Example 2
If $1000 is invested at 12% per annum interest, compounded continuously, the
investment will be worth $4 after t years where
A = 1000 e°' 12t .
Find the value of t, correct to one decimal place, for which the value of the investment is
$8 000.
Thus the value of the investment is $8 000 when t = 17-3 (correct to 1 d.p.).
Note: When solving the equation of the previous question, some calculators, if set to
give exact answers, may give the answer as 25 In (2). This exact form uses the
idea of a "logarithm", a concept we will meet in the next unit of Mathematics
Methods. For now simply get your calculator to output the decimal answer.
Exercise 6A
1. If $1000 is invested at 12% per annum interest, compounded continuously, the
investment will be worth $4 after t years where
A = 1000 e°' 12t .
Find the value of this investment after
(a) 5 years,
(b) 10 years,
(c) 25 years.
5. A freefalling object falls such that its downward speed, t seconds after release is
given by v m/sec where
v=75(l-e"°* 1 3 t )m/sec.
Find the downward speed of the body after (a) 5 seconds,
(b) 20 seconds,
(cj 40 seconds.
40
6. If Y = 20 + 0 . 0 5 Λ : find x (correct to two decimal places if necessary) given that
(a) 7=60, (b) 7=30, (c) 7 = 2 1 .
8. If a payment of $P is made every year into an account that attracts a fixed interest
rate of r% per annum compounded continuously and the account is closed t years
later the balance due will be:
Pfe 0 ' 0 1 *-!)
I-e"0'01' '
(a) Find the balance due after 10 years if $2000 is invested each year and the
interest rate is a fixed 10% per annum compounded continuously.
(b) Find the number of years the scheme must run if an investor wants to invest
$3000 per year and close the account when the balance reaches $154 000,
assuming a constant interest rate of 8% per year compounded continuously.
122 Mathematics Methods. Unit Three. ISBN 9780170350501.
The display below right shows both y = Sx and y = ~r~ (S00) . Notice that the graph of the
derivative again appears to be an exponential function but this time the graph of the
derivative is "above" that of y = 5*.
s < \
1 | &yl=2 x
1 \7\yl=Sx 1
0 , 2 = £(5*)
Dy3 = Dy3 =
UyA=
1 DyS= 1 OyS= \
2x 1 Id 1 I£C5*)
sx
/ - )
L·^
This suggests that for some value of a, between a = 2 and a = 5, the graphs of y = a* and
d γ d γ γ
=
y TZ (a ) coincide. I.e. for some value of a between a = 2 and a = 5, "r~ (a ) = a*.
aA-l
Examining values of , shown below correct to 7 decimal places, for various values
of a, and asftgets smaller and smaller:
aA-l
h
h a=2 a = 2-5 a=3
1 1-0000000 1-5000000 2-0000000
0-1 0-7177346 0-9595823 1-1612317
0-01 0-6955550 0-9205015 1-1046692
0-001 0-6933875 0-9167107 1-0992160
0-0001 0-6931712 0-9163327 1-0986726
0-00001 0-6931496 0-9162949 1-0986183
0-000001 0-6931474 0-9162912 1-0986129
0-0000001 0-6931472 0-9162908 1-0986123
Thus, once again, as the graphs on the previous page suggested, there exists a value of a
between 2 and 5, and indeed now between 2-5 and 3, for which
lim a* - 1 = 1
ft—0
and hence for this value of a, from equation ® on the previous page,
& ■ " > ■ ■*■
Given that the above discussion follows on from pages introducing "e", it probably didn't
take you long to realise that the value of a for which the derivative of a* is itself, is the
number e.
lim e * - l eh-l
Consider ή^Ο f h = 1 h 1-71828
eh-l
f h = 0-1 h « 1-05171
eh-l
f h = 0-01 h * 1-00502
eh-l
f h = 0-001 h * 1-00050
e"-l
f h = 0-0001 * 1-00005
e" - 1
The above figures suggest that J™» = 1 and so, from Φ, T" (e*) = e*.
124 Mathematics Methods. Unit Three. ISBN 9780170350501.
dy
Thus if y = e* then "Γ" = ex. The exponential function, ex, differentiates to itself!
If y = ex then ^ = e*
Example 3
Differentiate (a) x3 + e* (b) 5ex (c) ex - Sx + 1
(a) If y = x3 + ex
(b) If y = 5e*
dx
5e*
dx = e^+S-Jc 2
-f (5e*)
dx
x - Sx + 1 5-e*
(c) If y —
-$- Γ Ρ Λ : 2 - 5 Λ : + 1 ^
2
Let u = x - 5x + 1 then y = e". dx ie J
du dy (2-x-5)e^2"5^+1
dx = 2 x - 5 and ~j~ = e".
dy_ dy du
dx du dx Cchainrule)
u
= e (2*-5)
(2x-5)ex2-5x+1
Example 4
Differentiate (a) e 5x-2 (b)e X + X
(c) x2 ex.
(a) If y = e5*-2
be
dx "
dx
2 5-e 5 ·* -2
(b) If y = e* ""*
2 -iL (e* 2+ *)
g = (2x + l)e* - dx
(2·χ+1)-βχ2+χ
-^ (x2 e*)
dx
(c) If
d£
= *v x2'ex+2-X'ex
2
dx = e*(2x) + x (e*)
= xe*(2+x)
Example 5
ex
The sketch on the right shows part of the curve y = —.
Use calculus to prove that the local minimum shown is the only
X
stationary point on the curve and to determine its exact
location.
ex ch> xex - ex
If y= then, using the quotient rule, "p = — ^ —
" x2
d£
Thus
dx = 0 for x=l (and only for # = 1).
Now if x - 1 then 3/ = e.
The minimum point shown in the diagram is the only stationary point on the curve and
it has coordinates (1, e).
126 Mathematics Methods. Unit Three. ISBN 9780170350501.
Exercise 6B
Differentiate each of the following with respect to x.
1. ex 2. 7ex 3. 3ex
31. Find the exact gradient of y = e2x + x2 at the point (1, e 2 + 1).
32. Find the exact gradient of y = xe* at the point (1, e).
33. Find the equation of the tangent to y = 5e 2x at the point (0, 5).
34. If $100 is invested at 8% per annum, compounded continuously the account grows
to $100e°' 08t after t years. What is the instantaneous rate of growth, in dollars
per year correct to two decimal places, when
(a) t = 1, (b) t = 10, (c] t = 20, (d) t = 40?
35. Damage to a poorly maintained grain store causes the marketable weight of grain
in the store to fall from its initial amount of A0 tonnes to an amount At, t weeks
later, according to the rule:
At = 100 e" 0 4 t tonnes
(a) Determine A0.
(b) What is the marketable weight of grain in the store when t = 5? (To the
nearest tonne.)
At what rate is A falling, in tonnes per week, when (c) t = 2,
(d) t = 5 ,
(e) t = 8?
ISBN 9780170350501. Chapter Six: The exponential function. 127
Thus, from equation ®, in functions of the form y = Aekt the rate of change of y with
respect to t is proportional to y itself. This sentence is repeated below. Read it again
carefully to take in what it means:
What this sentence is telling us explains why functions of the form y = Aekt describe
growth or decay situations. A population will tend to reproduce itself at a rate
proportional to its size and will continue this constant proportion unless some special
factors are introduced that may stimulate or inhibit growth. If country A has a larger
population than country B then we would expect the number of babies born in country A
in one year to be more than the number of babies born in country B in that year, all
other factors being equal.
It is the fact that functions of the form y = Aekt are such that
d,y
11 = ky that makes them suitable
suitable functions for describing
many growth and decay situations.
Any growth or decay situation in which the rate of change of the population is
dP
proportional to the population itself, i.e. -77 = kP, can be modelled by an equation of the
form P = PQ ekt where P is the population at time t = 0.
dP
Thus: If — = kP then P = Pekt where ΡΛ is the value of P when t = 0.
at 0 0
Or, in te rmsofxandy:
dy ,
If ~r; = ky then y = y e x where y is the value of y when x = 0.
128 Mathematics Methods. Unit Three. ISBN 9780170350501.
Example 6
Demographers monitored a particular country's population growth over a 30 year
period from 1985, when the population was 2 000 000. They found that the population
was continuously growing with the instantaneous rate of increase in the population per
dP P
year, -ji, always close to ^77.
(a) Estimate the population of this country at the end of the 30 year period.
(b) If this pattern of growth continues estimate the population in the years
2025, 2040 and 2065.
Thus P = 2000000e° , 0 5 i
When t= 30 P = 2 000000e°' 0 5 ( 3 0 i
a 8960000
The population of this country at the end of the 30 year period was approximately
nine million.
If the situation involves a quantity decaying rather than growing then the rate of change
of the quantity with respect to time will be negative, rather than positive. (See the next
example.)
ISBN 9780170350501. Chapter Six: The exponential function. 129
Example 7
A particular radioactive isotope decays continuously at a rate of 9% per year. One
kilogram of this isotope is produced in a particular industrial process. How much
remains undecayed after 20 years?
άΑ
If A kg remains undecayed after t years then = -0-09 A
dt
This is of the form "7Γ = k4 and so A = ^ 0 e-°- 0 9 t
When t= 0,4 = 1. Thus A = le-°- 0 9 t
When t= 20 A _ e -0-09x20
* 0-165
Approximately 165 grams remain undecayed after 20 years.
Example 8
A savings account is opened with a deposit of $400 and attracts interest at a rate of 8%
per annum compounded continuously.
(a) If the interest rate is maintained for five years what will be the balance of the
account at the end of this time?
(b) How many years (correct to one decimal place) will it take for the balance in the
account to be treble the initial deposit?
dP
(a) The principal grows continuously at 8% p.a. .\ ~ττ = 0-08P.
This is of the form ^ =/cP and so P = p^ 0 * 0 8 *
When t = 0 , P = 400. Thus P = 400e°' 08t
Whent=5 P = 400e 0 ' 08 x5
« $596-73
After five years the account balance will be $596-73.
Exercise 6C
dP
For this exercise use the fact that if -rr -kP then P = P„efct.
dr o
cL4
1. If -fa = 2-5A and A = 50 when t = 0,findA when (a) t = 1, (b) t = 3.
dP
2. If - £ = 0-01P and P = 2000 when t = 0,findP when (a) t = 10, (b) t = 50.
dQ 30
3. If - £ = jjjj and 0. = 150 when t = 0, find 0. when (a) t = 2, (b) t = 25.
cL4
4. If " ^ = -0-L4 and 4 = 20 000 when t = 0, find A when (a) t = 10, (b) t = 20.
dP
6. If-^ = 0-025P and P= 2000 when t= 10, find P when ( a ) t = l l , (b)t=20.
7. A particular country has a population of 250 million. Records indicate that the
dP
population growth rate is 3% per year, i.e. ~rr = 0Ό3Ρ.
Estimate the population of the country after a further (a) 10 yrs, (b) 50 yrs.
8. Repeat question 7 but now for a growth rate of 2-5%.
9. A particular radioactive isotope decays continuously at a rate of 12% per year.
Three kilograms of this isotope are produced in a particular industrial process.
How much remains undecayed after 20 years?
10. A 30 year old person makes a "one off" payment of $5000 to a savings plan with
the intention of leaving it untouched for 25 years. If the investment attracts a fixed
guaranteed interest rate of 11% per annum, compounded continuously, find the
value of the investment at the end of the 25 years.
11. How much does a person need to deposit in an account attracting a constant
interest rate of 12% per annum, compounded continuously, for it to have grown to
$20 000 after 20 years?
12. Let us suppose that the cost of goods is rising continuously at 5% per annum. The
rate of change in the cost of an article costing $P would then be such that
dP
d?=°-°5p-
Under these conditions what would be the cost in 100 years of a chocolate bar now
costing 80 cents?
ISBN 9780170350501. Chapter Six: The exponential function. 131
13. Repeat question 12 if costs rise continuously at 8% per year rather than 5%.
14. The instantaneous rate of decline of a particular species of frog is 5% per month.
If the current population is 10 000 what will it be in (a) 5 months,
(b) 10 months?
15. The population of a particular country varies with time. The rate of change of the
population from 2000 onwards was found to be proportional to the population
dP
itself, i.e. ~rr = kP. P is the population of the country t years after 2000 and k
maintains a roughly constant value.
(a) If the instantaneous growth rate was always roughly 2% per year find k.
(b) If the population in 2000 was 20 million, and assuming the growth rate
remains constant, when will the population reach 50 million?
16. N, the number of people in the world known to be suffering from a particular
dN
disease, was thought to be increasing such that *ττ = 0-05N, with t the time in
years.
If the number of known sufferers was 1500000 in 2000, and nothing is done to
alter the rate of increase, estimate the number of known sufferers in each of the
years (a) 2025, (b) 2050.
dP
17. A colony of bacteria grows such that "77 = 1-2P where P is the number of
organisms present t hours after observation commenced.
When observation commenced P * 1000.
After approximately how many hours will the population be (a) 1 million,
(b) 2 million?
(c) What is the "doubling" time for this population?
(d) What is the "quadrupling" time for this population?
18. The instantaneous rate of decline in the number of rabbits on a particular property
is 25% per month. If there were 2000 rabbits on the property two months ago how
many will there be in two months time?
19. A company finds that 5, the number of sales per week of a particular product, falls
dS
such that ~7T = -0-245, where t is the number of weeks since the end of the
company's promotion and advertising campaign. They decide to repeat the
campaign when weekly sales fall to 0·455 , where S is the weekly sales at the end
of the first campaign. How many weeks after the end of the first campaign should
they expect to have to launch the repeat campaign?
132 Mathematics Methods. Unit Three. ISBN 9780170350501.
Thus exdx = e* + c
ƒ
Also, if y = ef^ we let u = f(x) and so y = e"
dv dv du
Then, by the chain rule £ = ^ χ ^
= e" x ffr)
= f(x)e f M
Example 9
xefe+c
6 + c.
ISBN 9780170350501. Chapter Six: The exponential function. 133
Try y = ex
Then fx = 2*e*2
I lOxe* dx = 1 5 x 2xex dx
= 5 x 1 2xe^ dx
= 5e* +c
J"l0xe*2dx
(c) f 8e2xdx = [4e2*l 5-e*'
Jo 0
= 4e 2 -4 r1 2
8e *dx
Jo
= 4(ez-l). 4-(e 2 -l)
Exercise 6D Attempt each question without the assistance of your calculator - then
use your calculator to check your answer if you wish.
Find the following indefinite integrals.
, 2xχ ,
7. fWë*cbc 8. ƒ 4 ; dx 9. ƒ (4e^ + 2x) dx
24. (a) Find the area between y = ex and the x-axis from x = 0 to x = 3 giving your
answer correct to one decimal place.
(b] Find the area between y = ex - e and the x-axis from x = 0 to x = 3 giving
your answer as an exact value.
3. The tangent to the curve y = ax3 at the point (5, b) has a gradient of 30. Find the
values of the constants a and b.
ISBN 9780170350501. Miscellaneous Exercise Six. 135
(a)
.10
xdx (b)
f|ς1 JL
Ji*2
2
"^ dx (c)
s: e*dx
(d)
f. 6e 2 *dx f
(e) I (3X2 + 4x) dx (0 2
4x
{x - 3Ϋ
dx
Differentiate each of the following with respect to x, without the assistance of your
calculator, and then use your calculator to check your answers.
(a) 2x +
3
w* 3
(b) x + e
x
(c)
2x- 1
x+ 3
11. A falling object does not keep accelerating indefinitely but, due to air resistance,
reaches a terminal speed. Suppose that the speed of such an object, t seconds after
the fall commences is v m/s where
200
v = -ΤΓ ( l - -0-15t' ) ■
3
Find the speed of the object after five seconds.
What is the terminal speed?
12. For àx, a small change in x, then δ^, the associated small change in y, can be
dy δν
determined using "T~ « t~.
Use the above statement to determine the approximate change in the exterior
surface area of a closed cylindrical tin when the base radius changes from 10 cm to
10-2 cm with the height remaining unchanged on 20 cm.
13. An initial "one off" investment of $500 grows continuously in such a way that
dP
15. Without the assistance of a graphic calculator produce a sketch of each of the
following, clearly indicating on your sketch:
• the coordinates of any points where the graph cuts the axes,
• the exact coordinates of all turning points,
• the behaviour of the curve as x -+ ± oo.
(a) y= xV (b) y= (c) y=
x2 l + e*