L8 Online Lesson Iyana Major

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Lesson 9 Exponential Functions

Page 1

OUTLINE
Lesson Topics

Section 4.1 Exponential Functions

Writing Equations
Compound Interest Formula
Continuous Growth/Decay Formula

Section 4.2 Graphs of Exponential Functions

Textbook: Section 4.1 Example 1

Exponential Function Application (y=ab^x) - Population Growth of…

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 Exponential
Function
An exponential growth or decay function is a function that grows or shrinks at a
constant percent growth rate.

The equation can be written in the form f(x) = a(1+r)x or f(x) = abx where b =
1+r
Where
a is the initial or starting value of the function
r is the percent growth or decay rate, written as a decimal
b is the growth factor or growth multiplier. Since powers of negative numbers
behave strangely, we limit b to positive values.

Question 1 0/1 pt 3 99

Question
1
A population numbers 11,000 organisms initially and grows by 7% each year.

Suppose P represents population, and t the number of years of growth. An exponential

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 Exponential Decay

Textbook: Section 4.1 Example 3

Exponential Function Application (y=ab^x) - Depreciation of a Car

Question 2 0/1 pt 3 99

Question
1
A vehicle purchased for $29800 depreciates at a constant rate of 6%. Determine the
approximate value of the vehicle 11 years after purchase. Round to the nearest whole
number.

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 Writing Exponential Equations Given a Story an Initial Value

Textbook: Section 4.1 Example 5

Writing an Exponential Equation for an Increasing Bacteria …

Question 3 0/1 pt 3 99

A scientist finds that an intial bacteria count was 18 million and 6 hours later, the count was 1
Question
up to 144 million. Write an exponential equation of the form y = abx for this scenario.
Round b to four decimal places.

y=

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Compound Interest Formula

Textbook: Section 4.1 Example 8

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 This video shows how to use the Compound Interest Formula to calculate an account
balance.

Ex 1: Compounded Interest Formula - Quarterly

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 Question 4 0/1 pt 3 99

You deposit $2000 in an account earning 6% interest compounded monthly. How much will 1
Question
you have in the account in 15 years?

Round to the nearest penny.

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Continuous Growth Formula

Textbook: Section 4.1 Example 12

This video shows how to use the Continuous Growth Formula to determine the balance in an
account.

Ex 1: Continuous Interest Formula

For a detailed explanation of compound interest click here!Opens

Continuous Growth Formula

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 Continuous Growth can be calculated using the formula
f(x) = aerx
where
a is the starting amount
r is the continuous growth rate

Question 5 0/1 pt 3 99

You deposit $4000 in an account earning 4% interest compounded continuously. How much 1
Question
will you have in the account in 10 years?

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Question 6 0/1 pt 3 99

If 4000 dollars is invested in a bank account at an interest rate of 4 per cent per year, Question
determine each of the following. Round each answer to the nearest cent.

Find the amount in the bank after 7 years if interest is compounded annually:

Find the amount in the bank after 7 years if interest is compounded quarterly:

Find the amount in the bank after 7 years if interest is compounded monthly:

Finally, find the amount in the bank after 7 years if interest is compounded continuously:

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