Scribd
Upload
41 views11 pages

If You Plan To Do Evil, You Will Be Lost If You Plan To Do Good, You Will Receive Unfailing Love and Faithfulness

1) The rabbit population grows exponentially at 8% per year. Using the growth formula P=Pe^rt, the population in 2020 is 1000(1.08)^15 = 3,276 rabbits. 2) You deposited $1000 at 8% interest. a) Annual interest is 1000(1.08) = $1080 b) Quarterly interest is 1000(1.02)^4 = $1032 c) Daily interest is 1000(1.0008)^365 = $1080.80

Uploaded by

Ceejay Ignacio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
41 views11 pages

If You Plan To Do Evil, You Will Be Lost If You Plan To Do Good, You Will Receive Unfailing Love and Faithfulness

1) The rabbit population grows exponentially at 8% per year. Using the growth formula P=Pe^rt, the population in 2020 is 1000(1.08)^15 = 3,276 rabbits. 2) You deposited $1000 at 8% interest. a) Annual interest is 1000(1.08) = $1080 b) Quarterly interest is 1000(1.02)^4 = $1032 c) Daily interest is 1000(1.0008)^365 = $1080.80

Uploaded by

Ceejay Ignacio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 11

If you plan to do evil, you will be

lost; if you plan to do good, you

will receive unfailing love and

faithfulness.

Proverbs 14:22 NLT
Exponential Functions, Growth
and Decay

Goal: Graph exponential growth and


decay functions and use exponential
growth and decay functions to model
real-life situations.
 Independent variable is another name for
domain or input, which is typically but not always

represented using the variable, x.

 Dependent variable is another name for range or


output, which is typically but not always

represented using the variable, y.


Exponential Function
 A function in the form:

 Base is Constant
 Exponent is the Independent
Variable
Asymptote

 A line that a graphed function approaches as


the value of x gets very large or very small
 Example: f(x) = 2x

 Line will get closer and closer to the x-axis but never
reaches it because 2x cannot be zero
Exponential Growth Models

When you deposit money into a bank savings account, the bank

pays you interest for using your money.

The interest the bank pays you is added into your account, and you earn

interest on the interest.


This is called compound interest. Compound interest is an Exponential

Growth Function.
Exponential Growth Function
y = a(1 + r)t
a = Initial Amount
r = Growth Rate
1 + r = Growth Factor
t = Time (usually in years)


Example: In 1980 about 2,180,000 U.S. workers worked at home. During

the next ten years, the number of workers working at home increased 5%

per year.

a. Write a model giving the number w (in millions) of workers

working at home t years after 1980.

b. Find the number of workers working at home in

1990.
a. y = a(1 + r)t b. y = a(1 + r)t

a = 2.18 w = 2.18(1.05)t

r = 0.05 t = 10

w = 2.18(1 + 0.05)t w = 2.18(1.05)10

w = 2.18(1.05)t w = 22.89 million workers


The Exponential Growth Function works fine if all we need to

find the new amount only once during the growth period.

But, interest earned in bank accounts is typically computed

monthly. The interest earned this month is added to your account and

will earn interest next month, and so on.

This is called compound interest. We need a new formula to

compute compound interest.


A = new Amount
P = Principal (initial amount)

r = interest rate (as a decimal)

t = time (in years)

n = number of compounding periods/year 


Compound Interest Formula

Number of Years
Annual Interest Rate

Amount in account
n t
 r
after t years.

A  P 1  
 n Number of times
compounded per
Initial principal year.
deposited in an
account.
Example: You deposit $1,500 in an account that pays 6%

annual interest. Find the balance after 5 years if the interest is

ompounded:
a. Quarterly. b. Monthly.
nt
 r P = 1500 t=5 r = 0.06
A  P 1  
 n a. n = 4 b. n = 12

 45  125
 0.06   0.06 
A  1500 1   A  1500  1  
 4   12 
A  1500  1  0.015  A  1500  1  0.005 
20 60

A  1500  1.015  A  1500  1.005 


20 60

= $2020.28 = $2023.28


1). In 2005, There were 1000 rabbits on an island.
the
population grows 8% every year. How many
rabbits will there be on island by 2020?

2). You deposit $1,000 in an account that pays 8%


annual interest. Find the balance after 1 year if the
interest is compounded with the given frequency.
a). Annually b). Quarterly c). Daily

You might also like