MATH 01 Lesson 5 Exponential Functions
MATH 01 Lesson 5 Exponential Functions
(MATH 01)
f ( x) b x (b 0, b 1)
is called an exponential function with base b
and exponent x.
The domain of f is the set of all real numbers.
Example
f ( x) 2 x
with domain (– , ).
The values of f(x) for selected values of x follow:
f (3) 2 3 8
3
f 23/2 2 21/2 2 2
2
f (0) 20 1
Example
f ( x) 2 x
with domain (– , ).
The values of f(x) for selected values of x follow:
1 1
f ( 1) 2
2
2 2/3 1 1
f 2 2/3 3
3 2 4
Laws of Exponents
ab a xb x
x
4.
x
a ax
5. x
b b
Examples
2x – 1
Let f(x) = 2 . Find the value of x for which f(x) = 16.
Solution
We want to solve the equation
22x – 1 = 16 = 24
But this equation holds if and only if
2x – 1 = 4
5
giving x = .
2
Properties of Exponential Functions
4 Range: (0, )
(0, 1)
x
4
Horizontal Asymptote
Domain: (–, ) y=0
Graphs of Exponential Functions
4
Range: (0, )
Horizontal Asymptote
y=0 (0, 1)
x
4
Domain: (–, )
Graphs of Exponential Functions
• Decreases: b > 1
• Increases: 0 < b < 1
Example: Sketch the graph of f(x) = 2x.
y
x f(x) (x, f(x))
-2 ¼ (-2, ¼) 4
-1 ½ (-1, ½)
2
0 1 (0, 1)
x
1 2 (1, 2)
–2 2
2 4 (2, 4)
Example: Sketch the graph of g(x) = 2-x. State the
domain and range.
y f(x) = 2x
The graph of this function
is a reflection the graph of
f(x) = 2x in the y-axis.
4
Domain: (–, ) x
Range: (0, ) –2 2
Example: Sketch the graph of g(x) = 2x – 1. State the
domain and range.
y f(x) = 2x
The graph of this function
is a vertical translation of
the graph of f(x) = 2x down
one unit . 4
Domain: (–, ) x
y = –1
Range: (–1, )
Natural Exponential Functions
As n , 1 e
n
Compound Interest
• The formula for compound interest:
nt
r
A(t ) P 1
n
• A: 12(4)
0.075
1 1 1.3486
• B: 12 $1.35
365(4)
0.072
1 1 1.3337
365
$1.34
Interest Compounded Continuously
• If interest is compounded “all the time” (MUST use the word
continuously), we use the formula
A(t ) Pe rt
A(t ) Pe rt
• If you invest $1.00 at a 7% annual rate that is compounded
continuously, how much will you have in 4 years?
1* e (.07)(4)
1.3231
You Do
• You decide to invest $8000 for 6 years and have a choice
between 2 accounts. The first pays 7% per year, compounded
monthly. The second pays 6.85% per year, compounded
continuously. Which is the better investment?
You Do Answer
• 1st Plan:
12(6)
0.07
A(6) 8000 1 $12,160.84
12
• 2nd Plan: