Unit 6 Introduction To Exponential Functions — Unit Plan

TitleTakeawaysStudent SummaryAssessment
Lesson 2
Patterns of Growth

Here are two tables representing two different situations.

  • A student runs errands for a neighbor every week. The table shows the pay he may receive, in dollars, in any given week.
    number of errands pay in dollars difference from previous week factor from previous week
    0 10 - -
    1 15 5 1.5
    2 20 5 1.33
    3 25 5 1.25
    4 30 5 1.2
  • A student at a high school heard a rumor that a celebrity will be speaking at graduation. The table shows how the rumor is spreading over time, in days.
    day people who have
    heard the rumor
    difference from previous day factor from previous
    day
    0 1 - -
    1 5 4 5
    2 25 20 5
    3 125 100 5
    4 625 500 5

Once we recognize how these patterns change, we can describe them mathematically. This allows us to understand their behavior, extend the patterns, and make predictions.

Notice that in the situation with the student running errands, the difference is constant from week to week, while the factor changes. In the situation about a rumor spreading, the difference changes from day to day, but the factor is constant. This can give us clues to how we might write out the pattern in each situation.

Meow Island and Purr Island (1 problem)

The tables show the cat population on two islands over several years. Describe mathematically, as precisely as you can, how the cat population on each island is changing.

year 0 1 2 3 4
number of cats on Meow Island 2 6 18 54 162
year 0 1 2 3 4
number of cats on Purr Island 2 6 10 14 18
Show Solution

Sample responses:

The cat population on Meow Island is:

  • Tripling each year
  • Growing by a common factor each year

The cat population on Purr Island is:

  • Adding 4 cats each year
  • Characterized by a common difference each year
Section A Check
Section A Checkpoint
Lesson 3
Representing Exponential Growth

In relationships where the change is exponential, a quantity is repeatedly multiplied by the same amount. The multiplier is called the growth factor.

Suppose a population of cells starts at 500 and triples every day. The number of cells each day can be calculated as follows:

number of days number of cells
0 500
1 1,500 (or 5003500 \boldcdot 3)
2 4,500 (or 50033500 \boldcdot 3\boldcdot 3, or 50032500 \boldcdot 3^2)
3 13,500 (or 500333500 \boldcdot 3\boldcdot 3 \boldcdot 3, or 50033500 \boldcdot 3^3)
dd 5003d500 \boldcdot 3^d

We can see that the number of cells (pp) is changing exponentially, and that pp can be found by multiplying 500 by 3 as many times as the number of days (dd) since the 500 cells were observed. The growth factor is 3. To model this situation, we can write this equation: p=5003d\displaystyle p = 500 \boldcdot 3^d.

The equation can be used to find the population on any day, including day 0, when the population was first measured. On day 0, the population is 50030500 \boldcdot 3^0. Since 30=13^0 = 1, this is 5001500 \boldcdot 1 or 500.

Here is a graph of the daily cell population. The point (0,500)(0,500) on the graph means that on day 0, the population starts at 500.

<p>Graph of an exponential function, origin O.  number of days and cell population.</p>
Graph of an exponential function, origin O. Horizontal axis, number days, scale 0 to 4, by 1’s Vertical axis, cell population, scale 0 to 20,000, by 5,000’s. The function is discrete and has these points: (0 comma 500), (1 comma 1,500), (2 comma 4,500) and (3 comma 13,500).

Each point is 3 times higher on the graph than the previous point. (1,1500)(1,1500) is 3 times higher than (0,500)(0,500), and (2,4500)(2,4500) is 3 times higher than (1,1500)(1,1500).

Mice in the Forest (1 problem)

A group of biologists is surveying the mice population in a forest. The equation n=753tn=75 \boldcdot 3^t gives the total number of mice, nn, tt years since the survey began. Explain what the numbers 75 and 3 mean in this situation.

Show Solution

75 is the initial number of mice in the forest when the survey started, or the number of mice when tt is 0. The 3 is the growth factor, meaning that each year, the population of mice in the forest is 3 times the previous year's population.

Lesson 4
Representing Exponential Decay

Here is a graph showing the luminescence of a glow-in-the-dark paint, measured in lumens, over a period of time, measured in hours. The luminescence of this glow-in-the-dark paint can be modeled by an exponential function.

A graph comparing luminescence (lumens) over time (hours) with 7 data points including $(0,12)$, $(1,6)$, $(2,3)$, and $(3,1.5)$.

Notice that the amounts are decreasing over time. The graph includes the point (0,12)(0, 12). This means that when the glow-in-the-dark paint started glowing, its glow measured 12 lumens. The point (1,6)(1, 6) tells us the glow measured 6 lumens 1 hour later. Between 3 and 4 hours after the glow-in-the-dark paint began to glow, the luminescence fell below 1 lumen.

We can use the graph to find out what fraction of luminescence stays each hour. Notice that 612=12\frac{6}{12}=\frac{1}{2} and 36=12\frac{3}{6}=\frac{1}{2}. As each hour passes, the luminescence that stays is multiplied by a factor of 12\frac{1}{2}.

If yy is the luminescence, in lumens, and tt is time, in hours, then this situation is modeled by the equation:

y=12(12)ty=12 \boldcdot (\frac{1}{2})^t

We can confirm that the data is changing exponentially because it is multiplied by the same value each time. When the growth factor is between 0 and 1, the quantity being multiplied decreases, the situation is sometimes called “exponential decay,” and the growth factor may be called a “decay factor.”

Freezing Soup (1 problem)

A soup is placed in a freezer to save. Here is a graph showing the temperature of the soup at different times after being placed in the freezer.

Graph of points. Horizontal axis time in hours.  Vertical axis, temperature in degrees Celsius.

  1. What is the vertical intercept? What does it mean in this situation?
  2. What fraction of the temperature remained after one hour?
  3. Write an equation that represents the temperature of the soup, tt, after hh hours.
Show Solution
  1. 60. The soup is 60C60^\circ \text{C} when it is placed in the freezer.
  2. 610\frac{6}{10} of the temperature remained one hour after the soup was placed in the freezer.
  3. t=60(610)ht=60(\frac{6}{10})^h
Lesson 6
Analyzing Graphs

Graphs are useful for comparing relationships. Here are two graphs representing the amount of caffeine in Person A and Person B, in milligrams, at different times, measured hourly, after an initial measurement.

A

<p>Graph of an exponential function, origin O. time (hours) and caffeine (mg).</p>
Graph of an exponential function, origin O. Horizontal axis, time (hours), scale 0 to 10, by 1’s Vertical axis, caffeine (mg), scale 0 to 200, by 100’s. The function is discrete and has these approximate points: (0 comma 200), (1 comma 160), (2 comma 125), (3 comma 105), (4 comma 80), (5 comma 65), (6 comma 50), (7 comma 45), (8 comma 35), (9 comma 25), (10 comma 20), (11 comma 18) and (12 comma 12).

B

<p>Graph of an exponential function, origin O. time (hours) and caffeine (mg).</p>
Graph of an exponential function, origin O. Horizontal axis, time (hours), scale 0 to 10, by 1’s. Vertical axis, caffeine (mg), scale 0 to 200, by 100’s. The function is discrete and has these approximate points: (0 comma 100), (1 comma 90), (2 comma 80), (3 comma 70 ), (4 comma 65), (5 comma 60), (6 comma 57), (7 comma 50), (8 comma 45), (9 comma 40), (10 comma 38), (11 comma 35) and (12 comma 30).

The graphs reveal interesting information about the caffeine in each person over time:

  • At the initial measurement, Person A has more caffeine (200 milligrams) than Person B (100 milligrams).
  • The caffeine in Person A's body decreases faster. It went from 200 to 160 milligrams in an hour. Because 160 is 810\frac{8}{10} (or 45\frac45) of 200, the growth factor is 45\frac45.
  • The caffeine in Person B's body went from 100 to about 90 milligrams, so that growth factor is about 910\frac{9}{10}. This means that after each hour, a larger fraction of caffeine stays in Person B than in Person A.
  • Even though Person A started out with twice as much caffeine, because of the growth factor, Person A had less caffeine than Person B after 6 hours.
A Phone, a Company, a Camera (1 problem)

<p>Graph of function on grid.</p>
Graph of a function on grid, origin O. Horizontal axis, time, years, from 0 to 14 by 0 point 5's. Vertical axis, value, dollars, from 0 to 1,400 by 100's. Approximate plotted coordinates as follows:  0 comma 1,200, 1 comma 720, 2 comma 430, 3 comma 260, 4 comma 155, 5 comma 90, 6 comma 55, 7 comma 33, 8 comma 20, 9 comma 12, 10 comma 7, 11 comma 4, 12 comma 2, 13 comma 1.  

  1. This graph represents one of the following descriptions. Which one?
    1. A phone loses 45\frac{4}{5} of its value every year after purchase: the relationship​ between​ ​the​ ​number​ ​of​ ​years​ ​since purchasing​ ​the​ ​phone​ ​and​ ​the​ ​value​ ​of​ ​the​ ​phone.
    2. The number of stores that a company has triples approximately every 5 years: the relationship ​between​ ​the number of years and the​ ​number​ ​of​ ​stores​.
    3. A camera loses 25\frac{2}{5} of its value every year after purchase: the relationship​ between​ ​the​ ​number​ ​of​ ​years​ ​since purchasing​ ​the​ ​camera​ ​and​ ​the​ ​value​ ​of​ ​the​ ​camera.
  2. Explain how you know the graph represents the description you chose.
Show Solution
  1. C
  2. Sample responses:
    • The graph cannot represent Description A because the phone is retaining only 15\frac15 of its value, which is less than half, and the vertical coordinate of the second point on the graph is more than half of the vertical intercept.
    • If the camera loses 25\frac{2}{5} of its value each year, then its value is 35\frac{3}{5} that of the previous year. The vertical intercept seems to be 1,200, and 35\frac35 of 1,200 is about 700, which is roughly the vertical coordinate of the second point.
Lesson 7
Using Negative Exponents

Equations are useful not only for representing relationships that change exponentially, but also for answering questions about these situations.

Suppose a bacteria population of 1,000,000 has been increasing by a factor of 2 every hour. What was the size of the population 5 hours ago? How many hours ago was the population less than 1,000?

We could go backward and calculate the population of bacteria 1 hour ago, 2 hours ago, and so on. For example, if the population doubled each hour and was 1,000,000 when first observed, an hour before then it must have been 500,000, and two hours before then it must have been 250,000, and so on.

Another way to reason through these questions is by representing the situation with an equation. If tt measures time in hours since the population was 1,000,000, then the bacteria population can be described by the equation:

p=1,000,0002t\displaystyle p = 1,000,000 \boldcdot 2^t

The population is 1,000,000 when tt is 0, so 5 hours earlier, tt would be -5 and here is a way to calculate the population:

1,000,0002-5 =1,000,000125=1,000,000132=31,250\displaystyle \begin{aligned} 1,000,000 \boldcdot 2^{\text-5} &= 1,000,000 \boldcdot \frac{1}{2^5} \\ &= 1,000,000 \boldcdot \frac{1}{32} \\ &= 31,250 \end{aligned}

Likewise, substituting -10 for tt gives us 1,000,0002-101,000,000 \boldcdot 2^{\text-10} (or 1,000,00012101,000,000 \boldcdot \frac{1}{2^{10}}), which is a little less than 1,000. This means that 10 hours before the initial measurement the bacteria population was less than 1,000.

Invasive Fish (1 problem)

The equation p=5,0002tp =5,000 \boldcdot 2^t represents the population of an invasive fish species in a large lake, tt years since 2005, when the fish population in the lake was first surveyed.

  1. What was the population in 2005?
  2. For this model, what does it mean when tt is -2?
  3. For t=-2t = \text-2, is the fish population more or less than 1,000? How do you know?
Show Solution
  1. 5,000, because 5,00020=5,0005,000 \boldcdot2^0 =5,000.
  2. It means 2 years before 2005, which is 2003.
  3. More than 1,000. If t=-2t=\text-2, then 5,0002-2=1,2505,000 \boldcdot 2^{\text-2}=1,250.
Section B Check
Section B Checkpoint
Lesson 8
Exponential Situations as Functions

The situations we have looked at that are characterized by exponential change can be seen as functions. In each situation, there is a quantity—an independent variable—that determines another quantity—a dependent variable. They are functions because any value of the independent variable that makes sense corresponds to only one value of the dependent variable. Functions that describe exponential change are called exponential functions.

For example, suppose tt represents time in hours, and pp is a bacteria population tt hours after the bacteria population was measured. For each time tt, there is only one value for the corresponding number of bacteria, so we can say that pp is a function of tt and we can write this as p=f(t)p = f(t).

If there were 100,000 bacteria at the time it was initially measured and the population decreases so that 15\frac{1}{5} of it remains after each passing hour, we can use function notation to model the bacteria population:

f(t)=100,000(15)t\displaystyle f(t) = 100,000 \boldcdot \left(\frac{1}{5}\right)^t

Notice the expression in the form of abta \boldcdot b^t (on the right side of the equation) is the same as in previous equations that we wrote to represent situations characterized by exponential change.

Beaver Population (1 problem)

The graph shows the population of beavers in a forest for different numbers of years after 1995. The beaver population is growing exponentially. 

<p>Graph of function.</p>
Graph of function, origin O. Horizontal axis, from 0 to 5, by 1's, labeled time in years. Vertical axis, from 0 to 1000, by 200s, labeled number of beavers. Approximate Points at 0 comma 50, 1 comma 100, 2 comma 200, 3 comma 400, Point Q at 3 point 5 comma 500, 4 comma 800.   

  1. Explain why we can think of the beaver population as a function of time in years.
  2. Estimate the coordinate for point QQ. What is the meaning of these values in this context?

  3. Write an equation using function notation to represent this situation.
Show Solution
  1. The number of beavers depends on time in years. In any given year, there is a particular number of beavers in the forest.
  2. Sample response: About (3.5,550)(3.5, 550). This means that 3.5 years after 1995, the beaver population was about 550.
  3. p(t)=502tp(t) =50 \boldcdot 2^t where tt is years after 1995 and p(t)p(t) is the beaver population at that time.
Lesson 10
Looking at Rates of Change

When we calculate the average rate of change for a linear function, no matter what interval we pick, the value of the rate of change is the same. A constant rate of change is an important feature of linear functions! When a linear function is represented by a graph, the slope of the line is the rate of change of the function.

Exponential functions also have important features. We've learned about exponential growth and exponential decay, both of which are characterized by a constant quotient over equal intervals. But what does this mean for the value of the average rate of change for an exponential function over a specific interval?

Let's look at an exponential function that we studied earlier. Let AA be the function that models the area, A(t)A(t), in square yards, of algae covering a pond tt weeks after beginning treatment to control the algae bloom. Here is a table showing about how many square yards of algae remain during the first 5 weeks of treatment.

tt A(t)A(t)
0 240
1 80
2 27 
3 9
4 3

The average rate of change of AA from the start of treatment to Week 2 is about -107 square yards per week because A(2)A(0)20-107\dfrac{A(2)-A(0)}{2-0} \approx \text-107. The average rate of change of AA from Week 2 to Week 4, however, is only about -12 square yards per week because A(4)A(2)42-12\dfrac{A(4)-A(2)}{4-2} \approx \text-12.

The negative average rates of change show that AA is decreasing over both intervals, but the average rate of change for the time during Weeks 0 to 2 indicates that the values are decreasing more rapidly than during Weeks 2 to 4 due to the effect of the decay factor. For an exponential function with a growth factor greater than 1, the values for the average rate of change of each interval are positive, with the second interval increasing more quickly due to the effect of the growth factor.

An Average Rate of Change (1 problem)

Here is the function ff for Clare's moldy bread that you saw earlier.

dd, time since mold spotting (days)

f(d)f(d), area covered by mold (square millimeters)

0 1
1 2
2 4
3 8
4 16
5 32
6 64
  1. What is the average rate of change for the mold over the 6 days?
  2. How well does the average rate of change describe how the mold changes for these 6 days?
Show Solution
  1. 10.5 square millimeters per day: f(6)f(0)60=10.5\displaystyle \dfrac{f(6)-f(0)}{6-0} =10.5

  2. The average rate of change does not accurately describe how the mold changes over the 6 day period. The first day it only grows by 1 square millimeter while on the fifth day it grows by 32 square millimeters.
Lesson 11
Modeling Exponential Behavior

Sometimes data suggest an exponential relationship. For example, this table shows the bounce heights of a certain ball. We can see that the height decreases with each bounce.

To find out what fraction of the height remains after each bounce, we can divide two consecutive values: 6195\frac{61}{95} is about 0.642, 3961\frac{39}{61} is about 0.639, and 2639\frac{26}{39} is about 0.667.

All of these quotients are close to 23\frac{2}{3}. This suggests that we could model the relationship with an exponential function, and that the height is decreasing with a factor of about 23\frac23 for each successive bounce.

bounce number bounce height
in centimeters
1 95
2 61
3 39
4 26

The height, hh, of the ball, in cm, after nn bounces can be modeled by the equation: 

h=142(23)n\displaystyle h = 142 \boldcdot \left(\frac{2}{3}\right)^{n}

Here is a graph of the equation.

<p>Graph of function and data on grid.</p>
Graph of a function on grid, origin O. Horizontal axis, number of bounces, from 0 to 12, by 1's. Vertical axis, height in centimeters, from 0 to 150, by 25's. Line of given equation, h equals 142 time 2 thirds to the n, is graphed, passing through 0 comma 142, 1 comma 94 and two thirds, 2 comma 63 and 1 ninth. 3 comma 42 and 2 twenty-sevenths, 4 comma 28 and 4 eighty-firsts. Data points of 1 comma 95, 2 comma 61, 3 comma 39, 4 comma 26 also plotted.  

This graph shows both the points from the data and the points generated by the equation, which can give us new insights. For example, the height from which the ball was dropped is not given but can be determined. If 23\frac23 of the initial height is about 95 centimeters, then that initial height is about 142.5 centimeters, because 95÷23=142.595 \div \frac23 = 142.5. For a second example, we can see that it will take 7 bounces before the rebound height is less than 10 centimeters.

Drop Height (1 problem)

A ball is dropped from a certain height. The table shows the rebound heights of the ball after a series of bounces.

bounce number height in centimeters
1 30
2 6
3 1
4 0

From what height, approximately, do you think the ball was dropped? Explain your reasoning.

Show Solution

Sample response: Between 150 cm and 180 cm. The rebound factors are 15\frac{1}{5}, 16\frac{1}{6} and 0 (this last measurement is probably not reliable because it could have been a very small bounce height, difficult to measure). Because 15\frac{1}{5} of 150 is 30 and 16\frac{1}{6} of 180 is 30 the ball was probably dropped from between 150 cm and 180 cm.

Lesson 12
Reasoning about Exponential Graphs (Part 1)

An exponential function can give us information about a graph that represents it.

For example, suppose that function qq represents a bacteria population tt hours after it is first measured, and q(t)=5,000(1.5)tq(t) = 5,000 \boldcdot (1.5)^t. The number 5,000 is the bacteria population measured, when tt is 0. The number 1.5 indicates that the bacteria population increases by a factor of 1.5 each hour.

A graph can help us see how the starting population (5,000) and growth factor (1.5) influence the population. Suppose functions pp and rr represent two other bacteria populations and are given by p(t)=5,0002tp(t) = 5,000 \boldcdot 2^t and  r(t)=5,000(1.2)tr(t) =5,000 \boldcdot (1.2)^t. Here are the graphs of pp, qq, and rr.

<p>Graph of 3 functions on a grid. P, q, r.</p>
Graph of 3 functions labeled, p, q, and r on grid, origin O. Horizontal axis, time in hours, from 0 to 10, by 2's. Vertical axis, number of bacteria, from 0 to 40,000 by 20,000's. All three functions start at 0 comma 5,000 and trend upward and to the right. Function p passes through 2 comma 20,000 and trends rapidly upward and right. Function q passes through 4 comma11,250 and trends steadily upward and right. Function r passes through 6 comma 7,200 and trends more slowly upward and right.

All three graphs start at 5,0005,000, but the graph of rr grows more slowly than does the graph of qq, while the graph of pp grows more quickly. This makes sense because a population that doubles every hour is growing more quickly than one that increases by a factor of 1.5 each hour, and both grow more quickly than a population that increases by a factor of 1.2 each hour.

A Possible Equation (1 problem)

Here are three graphs representing three exponential functions, ff, gg, and hh.

<p>Graph of 3 functions on a x y plane. H. G. F.</p>
Graph of 3 functions on grid, origin O. Horizontal axis, x, vertical axis, y. Function h, g and f drawn. Function h and g cross the vertical axis at the same location, all other values for function h above function g. Function g crosses the vertical axis below functions h and g. Function g grows more steeply than function f.  

The functions ff and hh are given by f(x)=102xf(x) = 10 \boldcdot 2^x and h(x)=204xh(x) = 20 \boldcdot 4^x. Which of the following could define the function gg? Explain your reasoning.

  • Equation A: g(x)=20(1.5)xg(x) = 20 \boldcdot (1.5)^x
  • Equation B: g(x)=20(2.5)xg(x) = 20 \boldcdot (2.5)^x
  • Equation C: g(x)=10(3.5)xg(x) = 10\boldcdot (3.5)^x
  • Equation D: g(x)=20(4.5)xg(x) = 20 \boldcdot (4.5)^x
Show Solution

B. The graph of gg has the same yy-intercept as the graph of hh, which is 20. It grows more quickly than ff but more slowly than hh so the growth factor must be greater than 2 but less than 4.

Lesson 13
Reasoning about Exponential Graphs (Part 2)

 If we have enough information about a graph representing an exponential function ff, we can write a corresponding equation.

Here is a graph of y=f(x)y = f(x).

An equation defining an exponential function has the form f(x)=abxf(x) = a \boldcdot b^x. The value of aa is the starting value or f(0)f(0), so it is the yy-intercept of the graph. We can see that f(0)f(0) is 500 and that the function is decreasing.

The value of bb is the growth factor. It is the number by which we multiply the function’s output at xx to get the output at x+1x+1. To find this growth factor for ff, we can calculate f(1)f(0)\frac{f(1)}{f(0)}, which is 300500\frac{300}{500} (or 35\frac35).

<p>Graph of a function on grid.</p>
Graph of a function on grid, origin O. Horizontal axis, x, from 0 to 4, by 2's. Vertical axis, y. from 0 to 600, by 200's. Plotted points as follows: 0 comma 500, 1 comma 300. Line is drawn through the points, moving downward and to the right.  

So an equation that defines ff is: f(x)=500(35)xf(x) = 500 \boldcdot \left(\frac{3}{5}\right)^x

We can also use graphs to compare functions. Here are graphs representing two different exponential functions, labeled gg and hh. Each one represents the area of algae (in square meters) in a pond, xx days after certain fish were introduced.

  • Pond A had 40 square meters of algae. Its area shrinks to 810\frac{8}{10} of the area on the previous day.
  • Pond B had 50 square meters of algae. Its area shrinks to 25\frac 25 of the area on the previous day.

<p>Graph of 2 functions on a grid.</p>
Graph of 2 functions on grid, origin O. Horizontal axis, x, Vertical axis, y. Function h, blue line, starts on the vertical axis,  moves downward and to the right, almost linearly.. Function g, green line, starts above function h, moves downward and to the right, exponentially.  

Can you tell which graph corresponds to which algae population?

We can see that the yy-intercept of gg's graph is greater than the yy-intercept of hh's graph. We can also see that gg has a smaller growth factor than hh because as xx increases by the same amount, gg is retaining a smaller fraction of its value compared to hh. This suggests that gg corresponds to Pond B, and hh corresponds to Pond A.

Two Graphs (1 problem)

Here are two graphs representing the function ff given by f(x)=102xf(x) = 10 \boldcdot 2^x and the function gg defined by g(x)=abxg(x) = a \boldcdot b^x.

<p>Graph of 2 functions on grid.</p>
Graph of 2 functions on grid, origin O. Horizontal axis, x, Vertical axis, y. Function g, blue, moves upwards and to the right, passing through 0 comma 3, 1 comma 12, 2 comma 48. Function f, green, crosses y axis above function g, moving upwards and to the right. Functions intersect between 1 comma 12 and 2 comma 48.  

  1. Is bb greater than or less than 2? Explain how you know.
  2. Write an equation that defines gg. Show your reasoning.
  3. ff and gg represent the number, in thousands, of social media followers of two organizations as a function of years since 2010. What does the intersection of ff and gg mean in this context?
Show Solution
  1. bb is greater than 2. Sample responses:
    • The graph of gg starts off being below the graph of ff, but later it surpasses the graph of ff. Since gg grows more quickly than ff, the growth factor bb for gg must be greater than the growth factor for ff, which is 2.
    • The growth factor from the first point (0,3)(0,3) to the second point (1,12)(1,12) is 4, because 123=4\frac{12}{3}= 4, and 4 is greater than 2.
  2. g(x)=34xg(x)=3 \boldcdot 4^x because the initial value is 3 and the yy-value is multiplied by 4 when the xx-value increases by 1, so the growth factor is 4.
  3. It represents the time, in years since 2010, when the two organizations have the same number of followers.
Section C Check
Section C Checkpoint
Lesson 15
Functions Involving Percent Change

When we borrow money from a lender, the lender usually charges interest, a percentage of the borrowed amount as payment for allowing us to use the money. The interest is usually calculated at a regular interval of time (for example, daily, monthly, or yearly).

Suppose you received a loan of $500 and the interest rate is 15%, calculated at the end of each year. If you make no other purchases or payments, the amount owed after one year would be 500+(0.15)500500 + (0.15) \boldcdot 500, or 500(1+0.15)500 \boldcdot(1+0.15). If you continue to make no payments or other purchases in the second year, the amount owed would increase by another 15%. The table shows the calculation of the amount owed for the first three years.

time in years amount owed in dollars
1 500(1+0.15)500 \boldcdot(1+0.15)
2 500(1+0.15)(1+0.15)500 \boldcdot(1+0.15)(1+0.15), or 500(1+0.15)2500 \boldcdot(1+0.15)^2
3 500(1+0.15)(1+0.15)(1+0.15)500 \boldcdot(1+0.15)(1+0.15)(1+0.15), or 500(1+0.15)3500 \boldcdot(1+0.15)^3

The pattern here continues. Each additional year means multiplication by another factor of (1+0.15)(1+0.15). With no further purchases or payments, after tt years the debt in dollars is given by the expression:

500(1+0.15)t\displaystyle 500\boldcdot(1+0.15)^t

In this representation, we might leave the growth factor as (1+0.15)(1 + 0.15) rather than combining it to 1.15 so that the percentage increase is easier to see. In other situations, it may make sense to write it as 1.15, depending on what is being emphasized. Because exponential functions eventually grow very quickly, leaving a debt unpaid can be very costly.

Delayed Payments (1 problem)

A business owner receives a $5,000 loan with 13% interest, charged at the end of each year.

  1. Write an expression to represent the amount owed, in dollars, after the given number of years of making no payments:
    1. after 1 year
    2. after 2 years
    3. after tt years
  2. Explain how to convince someone that your expression for tt years is correct.
Show Solution
    1. 5,000(1.13)5,000 \boldcdot (1.13)
    2. 5,000(1.13)25,000 \boldcdot (1.13)^2
    3. 5,000(1.13)t5,000 \boldcdot (1.13)^t
  1. Sample response: After one year that the loan is not repaid, the amount gets multiplied by a factor of 1.13, or (1+0.13)(1 + 0.13). After 2 years, the balance from the first year, 5,000(1.13)5,000 \boldcdot (1.13), is multiplied by 1.13 again, which gives 5,000(1.13)25,000 \boldcdot (1.13)^2. After tt years, the $5,000 will be multiplied by 1.13 tt times, or by (1.13)t(1.13)^t.
Lesson 18
Expressed in Different Ways

Expressions can be written in different ways to highlight different aspects of a situation or to help us better understand what is happening. A growth rate tells us the percent change. As always, in percent change situations, it is important to know if the change is an increase or decrease. For example:

  • A population is increasing by 20% each year. The growth rate is 20%, so after one year, 0.2 times the population at the beginning of that year is being added.  If the initial population is pp, the new population is p+0.2pp + 0.2p, which equals (1+0.2)p(1 + 0.2)p, or 1.2p1.2p.

  • A population is decreasing by 20% each year. The growth rate is -20%, so after one year, 0.2 times the population at the beginning of that year is being lost.  If the initial population is pp, the new population is p0.2pp – 0.2p, which equals (10.2)p(1 – 0.2)p, or 0.8p0.8p.

Suppose the area, aa, covered by a forest is currently 50 square miles, and it is growing by 0.2% each year. If tt represents time, from now, in years, we can express the area of the forest as:

a=50(1+0.002)t\displaystyle a = 50 \boldcdot (1+0.002)^t

a=50(1.002)t\displaystyle a = 50 \boldcdot (1.002)^t

In this situation, the growth rate is 0.002, and the growth factor is 1.002. Because 0.002 is such a small number, however, it may be difficult to tell from this function how quickly the forest is growing. We may find it more meaningful to measure the growth every decade or every century. There are 10 years in a decade, so to find the growth rate in decades, we can use the expression (1.002)10(1.002)^{10}, which is approximately 1.02. This means a growth rate of about 2% per decade. Using dd for time, in decades, the area of the forest can be expressed as:

a=50((1+0.002)10)d\displaystyle a=50 \boldcdot \left((1+0.002)^{10}\right)^d

a50(1.02)d\displaystyle a \approx50 \boldcdot (1.02)^d

If we measure time in centuries, the growth rate is about 22% per century because 1.0021001.221.002^{100} \approx 1.22. Using cc to measure time, in centuries, our equation for area becomes:

a=50((1+0.002)100)c\displaystyle a = 50 \boldcdot \left((1+0.002)^{100}\right)^c

a50(1.22)c\displaystyle a \approx 50 \boldcdot (1.22)^c

Printing Business (1 problem)

A small printing company launched an online ordering system to expand its business. The equation c=400(1.03)mc = 400 \boldcdot (1.03)^m represents the number of customers, cc, it has in terms of the number of months, mm, since it launched the ordering system.

  1. By what factor does the number of customers grow in one year? Write your answer as an expression and a numerical value.
  2. If yy is time in years, write an equation for the number of customers, cc, as a function of the number of years, yy, after the introduction of the ordering system.
  3. If this model continues to apply for a decade, by what factor will the number of customers grow in one decade?
Show Solution
  1. (1.03)12(1.03)^{12}, or about 1.43 (or 1.426)
  2. c=400((1.03)12)yc = 400 \left((1.03)^{12}\right)^y, or c400(1.43)yc\approx 400 \boldcdot (1.43)^y
  3. ((1.03)12)10\left((1.03)^{12}\right)^{10}, or (1.03)120(1.03)^{120}, or about (1.43)10(1.43)^{10}, or approximately 35.76
Section D Check
Section D Checkpoint
Lesson 19
Which One Changes Faster?

Suppose that you won the top prize from a game show and are given two options. The first option is a cash gift of $10,000 and $1,000 is added per day for the next 7 days. The second option is a cash gift of 1 cent (or $0.01) that grows tenfold each day for 7 days. You must wait the entire time and get all of the prize money at the end of the week. Which option would you choose?

In the first option, the amount of money increases by the same amount ($1,000) each day, so we can represent it with a linear function. In the second option, the money grows by multiples of 10, so we can represent it with an exponential function. Let ff represent the amount of money xx days after winning with the first option, and let gg represent the amount of money xx days after winning with the second option.

Option 1: f(x)=10,000+1,000xf(x) = 10,000 + 1,000x

f(1)=11,000f(1)=11,000
f(2)=12,000f(2)=12,000
f(3)=13,000f(3)=13,000
. . .
f(6)=16,000f(6)=16,000
f(7)=17,000f(7)=17,000

Option 2: g(x)=(0.01)10xg(x) = (0.01) \boldcdot 10^x

g(1)=0.1g(1)=0.1
g(2)=1g(2)=1
g(3)=10g(3)=10
. . .
g(6)=10,000g(6)=10,000
g(7)=100,000g(7)=100,000

For the first few days, the second option trails far behind the first. Because of the repeated multiplication by 10, however, after 7 days it surges past the amount in the first option.

What if the factor of growth is much smaller than 10? Suppose we have a third option, represented by a function hh. The starting amount is still $0.01 and it grows by a factor of 1.5 times each day.

If we graph the function h(x)=(0.01)(1.5)xh(x)=(0.01) \boldcdot (1.5)^x, we see that it takes many, many more days before we see rapid growth. But given time to continue growing, the amount in this exponential option will eventually also outpace that in the linear option. If the prize rules are changed so that both prizes can grow for more than 38 days, this new exponential prize may be worth more than the linear option, but if the prizes can grow for only a shorter amount of time, the linear option is worth more.

<p>Graph of 2 functions on grid.</p>
Graph of 2 functions on grid, origin O. Horizontal axis, number of days, from .0 to 40, by 2's. Vertical axis, amount in dollars, from 0 to 90,000 by 10,000's. Linear function, f of x equals 10,000 plus 1,000 x represented by red dots. Exponential function, h of x equals 0 point 01 times 1 point 5 to the x, represented by blue dots. Red dots well above blue dots from 0 days to 37 days. Dots intersect around 38 comma 48,000. Blue dot exceeds red dot at 40 days.

Which One Gets There First? (1 problem)

The function ff is given by f(x)=10x+3f(x) = 10x + 3, and the function gg is given by g(x)=2xg(x) =2^x. For each question, show your reasoning.

  1. Which function reaches 50 first?
  2. Which function reaches 100 first?
Show Solution
  1. f(5)=53f(5) = 53 and g(5)=32g(5) = 32, so ff reaches 50 first.
  2. f(7)=73f(7) = 73 and g(7)=128g(7) = 128, so gg reaches 100 first.
Section E Check
Section E Checkpoint
Unit 6 Assessment
End-of-Unit Assessment