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The goal of this challenge will be to write exponential functions in the form where
is a nonzero number and b is a positive number not equal to 1.
Earlier, you may recall, we saw situations in which a constant percent increase or decrease can be modeled by an exponential function.
EXAMPLE
Suppose the value of a house is predicted to increase by 3.4% per year for the foreseeable future. If its value now is $280,000, then what is an exponential model for the value of the home x years from now?Here is another example where a quantity is decreasing over time.
EXAMPLE
After taking 100 milligrams of medicine, the quantity of medicine in one’s bloodstream decreases by 30% every hour. What is the exponential function that models the amount of medicine remaining in the bloodstream after t hours?When the growth (or decay) rate is unknown, we need to find and b in the equation
some other way. Since there are two values to find, we can use two solution points to write the equation.
EXAMPLE
Write the equation of an exponential function
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Replace x with 0. |
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Replace ![]() ![]() |
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Solve for ![]() |
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Replace x with 2. |
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Replace ![]() ![]() |
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Divide both sides by 12 and simplify. |
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Apply the square root principle. |
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The value of b must be positive according to the definition of an exponential function. Therefore, ![]() |
Notice how the previous problems were very nice to solve since the point the y-intercept, was known. When the y-intercept is not known, more advanced algebraic techniques are required.
EXAMPLE
Determine the equation of an exponential function that contains solution points
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Replace x with -1. |
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Replace ![]() ![]() ![]() |
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Rewrite the right-hand side as one fraction. |
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Replace x with 2. |
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Replace ![]() |
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Start with this equation. |
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Substitute ![]() |
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Simplify the right-hand side. |
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Divide both sides by 27. |
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Take the cube root of both sides. |
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Simplify. |
SOURCE: THIS WORK IS ADAPTED FROM PRECALCULUS BY JAY ABRAMSON. ACCESS FOR FREE AT OPENSTAX.ORG/BOOKS/PRECALCULUS/PAGES/1-INTRODUCTION-TO-FUNCTIONS