The document discusses exponential functions, equations, and inequalities. It provides examples of common applications of exponential functions in real life like population growth, exponential decay, and compound interest. It also gives examples of exponential models for population growth, exponential decay of radioactive substances, and compound interest. The last part defines the natural exponential function and provides an example of predicting population using an exponential function.
* Evaluate exponential functions.
* Find the equation of an exponential function.
* Use compound interest formulas.
* Evaluate exponential functions with base e.
* Evaluate exponential functions.
* Find the equation of an exponential function.
* Use compound interest formulas.
* Evaluate exponential functions with base e.
* Model exponential growth and decay.
* Use Newtonโs Law of Cooling.
* Use logistic-growth models.
* Choose an appropriate model for data.
* Express an exponential model in base e.
* Model exponential growth and decay
* Use Newton's Law of Cooling
* Use logistic-growth models
* Choose an appropriate model for data
* Express an exponential model in base e
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This document focuses on End of Chapter questions and commonly asked questions under Quantitative methods (Time Value of Money ) . The mainly asked questions include :
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-demonstration of the use of timelines in modeling and solving time value of money
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* Model exponential growth and decay.
* Use Newtonโs Law of Cooling.
* Use logistic-growth models.
* Choose an appropriate model for data.
* Express an exponential model in base e.
* Model exponential growth and decay
* Use Newton's Law of Cooling
* Use logistic-growth models
* Choose an appropriate model for data
* Express an exponential model in base e
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ย
This document focuses on End of Chapter questions and commonly asked questions under Quantitative methods (Time Value of Money ) . The mainly asked questions include :
-calculation and interpretation of Future Value and Present Value of a single sum of money , an ordinary annuity, annuity due, a perpetuity (PV only) and a series of unequal cash flows.
-demonstration of the use of timelines in modeling and solving time value of money
This is a very interesting topic!
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2. Most Common Applications
in Real-Life of
Exponential Functions
โข Population Growth
โข Exponential Decay
โข Compound Interest
3. Exponential Models and
Population Growth
Suppose a culture of 300 bacteria at MJD Farm is
put into a Petri dish and the culture doubles every
10 hours. Give an exponential model for the
situation. How many bacteria will there be after 90
hours?
a. Let ๐ฆ = number of bacteria at ๐ก = 0, ๐ฆ =
300
๐ก = 10, ๐ฆ = 300(2) = 600
๐ก = 20, ๐ฆ = 300(2)2 = 1200
๐ก = 30, ๐ฆ = 300(2)3 = 2400
๐ก = 40, ๐ฆ = 300(2)4 = 4800
An exponential model for this situation
is
b. If ๐ก = 90,
then y = 300(2)90/10,
y = 300(2)9,
y = 153,600.
There will be 153,600
bacteria after 90
hours.
4. Exponential Decay
The half-life of a radioactive
substance is the time it takes for
half of the substance to decay. The
exponential decay formula is
y=yo(1/2)t/T .
5. Exponential Decay
A certain radioactive
substance decays half of
itself every 5 days.
Initially, there are 50
grams. Determine the
amount of substance left
after 30 days, and give an
exponential model for the
amount of remaining
substance.
a. Let t= time in days
At t= 0 Amount of Substance=50g
t= 5 Amount of Substance=
50(1/2)=25g
t= 10 Amount of Substance=50
(1/2)2=12.5g
t= 15 Amount of Substance=50(1/2)3
6.25g
An exponential model for this
situation is y= 50 (1/2)t/5
b. y = 50(1/2)30/5 = 50(1/2)6 =
0.78125 g
6. Compound Interest
If a principal P (initial
amount of money) is invested
at an annual rate of r;
compounded annually, then the
amount after t years is given by
A = P(1+r)t.
7. Compound Interest
Aling Dionisia
deposits โฑ10,000.00
in BDO that pays 3%
compound interest
annually. Define an
exponential model
for this situation. How
much money will she
have after 11 years
without withdrawal?
Solution: Compound Interest means the
interest earned at the end of the period
is added to the principal and this new
amount will earn interest in the nesting
period.
a. At ๐ก = 0 โฑ10,000
๐ก = 1 โฑ10,000+ โฑ10,000(0.03) = โฑ10,300.00
๐ก = 2 โฑ10,300+ โฑ10,300(0.03) = โฑ10,609.00
๐ก = 3 โฑ10,609 + โฑ10,609(0.03) = โฑ10,927.27
8. Compound Interest
Aling Dionisia deposits
โฑ10,000.00 in BDO that
pays 3% compound
interest annually.
Define an exponential
model for this
situation. How much
money will she have
after 11 years without
withdrawal?
From the above, the principal amount
together with the interest earned as
computed is as follows:
AT ๐ก = 0 โฑ10,000
๐ก = 1 โฑ10, 000(1+0.03)
=โฑ10,000(1.03) =
โฑ10,300.00
๐ก = 2 โฑ10,000(1+0.03)2
=โฑ10,000(1.03)2 =
โฑ10,609.00
๐ก = 3 โฑ10,000(1+0.03)3
=โฑ10,000(1.03)3 =
โฑ10,927.27
An exponential model for this
situation is ๐ด = 10,000(1.03)t
9. Compound Interest
Aling Dionisia deposits
โฑ10,000.00 in BDO that
pays 3% compound
interest annually.
Define an exponential
model for this
situation. How much
money will she have
after 11 years without
withdrawal?
b. A = โฑ10,000(1.03)11
= โฑ13,842.34
After 11 years without
withdrawal there will be
โฑ13,842.34 in bank.
11. Natural
Exponential
Function
While an exponential function may
have various bases, a frequently
used base is the irrational number e,
whose value is approximately
2.71828. Because e is a commonly
used base, the natural exponential
function is defined as having e as
the base. The predicted population
of a certain city is given by
P=200,000 e (0.03y) where y is the
number of years after the year 2020.
Predict the population for the year
2030.
Solution:
The number of years from
2020 to 2030 is 10, so
y=10.
P=(200,000)(2.71828)(0.03)
(10)
P=269, 971.70
The predicted population
for the year 2030 is 269,
971.
17. An exponential function is a function
involving exponential expression
showing a relationship between the
independent variable x and dependent
variable y or f(x). Examples of which
are ๐(๐ฅ) = 2x+3 and ๐ฆ = 102x .
18. On the other hand, an exponential
equation is an equation involving
exponential expression that can be
solved for all x values satisfying the
equation. For instance, 121 = 11x and
3x = 9x-2 .
19. Lastly, an exponential inequality is an
inequality involving exponential
expression that can be solved for all x
values satisfying the inequality. For
example, 641/3 > 2x and (0.9)x > 0.81.