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Exponential Functions and Growth/Decay

Understanding exponential functions, exponential growth, and exponential decay models

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Exponential Functions and Growth/Decay

What is an Exponential Function?

An exponential function is a function of the form:

f(x)=abxf(x) = ab^x

where:

  • aa is the initial value (when x=0x = 0)
  • bb is the base (must be positive and b≠1b \neq 1)
  • xx is the exponent (the variable)

Key Property: The variable is in the exponent, not the base!

Basic Exponential Functions

The parent function is f(x)=bxf(x) = b^x where b>0b > 0 and b≠1b \neq 1.

Two Cases:

  1. Exponential Growth when b>1b > 1

    • Example: f(x)=2xf(x) = 2^x
    • The function increases as xx increases
    • Rises steeply to the right
  2. Exponential Decay when 0<b<10 < b < 1

    • Example: f(x)=(12)xf(x) = \left(\frac{1}{2}\right)^x
    • The function decreases as xx increases
    • Approaches zero but never reaches it

Properties of Exponential Functions

For f(x)=abxf(x) = ab^x where a>0a > 0 and b>0,b≠1b > 0, b \neq 1:

  1. Domain: All real numbers (−∞,∞)(-\infty, \infty)
  2. Range: (0,∞)(0, \infty) if a>0a > 0, or (−∞,0)(-\infty, 0) if a<0a < 0
  3. y-intercept: (0,a)(0, a) since f(0)=ab0=af(0) = ab^0 = a
  4. Horizontal Asymptote: y=0y = 0 (the x-axis)
  5. Always positive (if a>0a > 0) - never crosses the x-axis

Exponential Growth and Decay Models

Growth Model

A(t)=A0(1+r)tA(t) = A_0(1 + r)^t

where:

  • A(t)A(t) = amount after time tt
  • A0A_0 = initial amount
  • rr = growth rate (as a decimal)
  • tt = time

Decay Model

A(t)=A0(1−r)tA(t) = A_0(1 - r)^t

where:

  • rr = decay rate (as a decimal)

Continuous Compounding

A(t)=A0ertA(t) = A_0 e^{rt}

where e≈2.71828e \approx 2.71828 (Euler's number)

Key Patterns

  • Doubling: If something doubles, multiply by 2
  • Tripling: If something triples, multiply by 3
  • Half-life: If something halves, multiply by 12\frac{1}{2}
  • Growth by 5%: Multiply by (1+0.05)=1.05(1 + 0.05) = 1.05
  • Decay by 5%: Multiply by (1−0.05)=0.95(1 - 0.05) = 0.95

Transformations

Just like other functions, exponential functions can be transformed:

  • f(x)=abx+kf(x) = ab^x + k: vertical shift by kk
  • f(x)=abx−hf(x) = ab^{x-h}: horizontal shift by hh
  • f(x)=−abxf(x) = -ab^x: reflection over x-axis

📚 Practice Problems

1Problem 1medium

❓ Question:

A population of bacteria starts with 200 bacteria and doubles every 3 hours. Write an exponential function to model the population after tt hours.

💡 Show Solution

Solution:

Step 1: Identify the initial value and growth pattern.

  • Initial population: A0=200A_0 = 200
  • The population doubles every 3 hours

Step 2: Determine the base for doubling every 3 hours.

Since it doubles every 3 hours, after 3 hours we have 2×200=4002 \times 200 = 400.

We need to find bb such that 200b3=400200b^3 = 400.

b3=2b^3 = 2 b=21/3=23b = 2^{1/3} = \sqrt[3]{2}

Step 3: Write the function.

A(t)=200⋅2t/3A(t) = 200 \cdot 2^{t/3}

OR equivalently: A(t)=200⋅(23)tA(t) = 200 \cdot (\sqrt[3]{2})^t

Step 4: Verify.

  • At t=0t = 0: A(0)=200⋅20/3=200A(0) = 200 \cdot 2^{0/3} = 200 ✓
  • At t=3t = 3: A(3)=200⋅23/3=200⋅2=400A(3) = 200 \cdot 2^{3/3} = 200 \cdot 2 = 400 ✓
  • At t=6t = 6: A(6)=200⋅26/3=200⋅4=800A(6) = 200 \cdot 2^{6/3} = 200 \cdot 4 = 800 ✓

Answer: A(t)=200⋅2t/3A(t) = 200 \cdot 2^{t/3} bacteria

2Problem 2easy

❓ Question:

A population of bacteria doubles every 3 hours. Initially, there are 500 bacteria.

a) Write an exponential function P(t)P(t) that models the population after tt hours. b) How many bacteria will there be after 12 hours? c) How long will it take for the population to reach 16,000?

💡 Show Solution

Solution:

Part (a): For exponential growth with doubling, we use: P(t)=P0⋅2t/TP(t) = P_0 \cdot 2^{t/T}

where:

  • P0=500P_0 = 500 (initial population)
  • T=3T = 3 (doubling time in hours)

P(t)=500⋅2t/3P(t) = 500 \cdot 2^{t/3}

Part (b): After 12 hours:

P(12)=500⋅212/3=500⋅24=500⋅16=8000P(12) = 500 \cdot 2^{12/3} = 500 \cdot 2^4 = 500 \cdot 16 = 8000 bacteria

Part (c): Set P(t)=16000P(t) = 16000 and solve:

16000=500⋅2t/316000 = 500 \cdot 2^{t/3}

32=2t/332 = 2^{t/3}

25=2t/32^5 = 2^{t/3}

5=t35 = \frac{t}{3}

t=15t = 15 hours

3Problem 3easy

❓ Question:

A car purchased for $25,000 depreciates by 15% each year. What is the car worth after 5 years?

💡 Show Solution

Solution:

Step 1: Identify the initial value and decay rate.

  • Initial value: A0=25000A_0 = 25000
  • Decay rate: r=0.15r = 0.15 (15%)

Step 2: Write the exponential decay model.

Since the car loses 15% each year, it retains 85% of its value: A(t)=25000(1−0.15)t=25000(0.85)tA(t) = 25000(1 - 0.15)^t = 25000(0.85)^t

Step 3: Calculate the value after 5 years.

A(5)=25000(0.85)5A(5) = 25000(0.85)^5 A(5)=25000(0.4437...)A(5) = 25000(0.4437...) A(5)≈11,092.63A(5) \approx 11,092.63

Answer: The car is worth approximately $11,093 after 5 years.

4Problem 4medium

❓ Question:

A radioactive substance decays according to the formula A(t)=A0e−0.0315tA(t) = A_0 e^{-0.0315t}, where tt is in years.

a) What is the decay rate (as a percentage)? b) What is the half-life of the substance? c) If you start with 200 grams, how much will remain after 50 years?

💡 Show Solution

Solution:

Part (a): The formula A(t)=A0ektA(t) = A_0 e^{kt} has decay rate ∣k∣|k|.

Here k=−0.0315k = -0.0315, so the decay rate is 0.0315=3.15%0.0315 = 3.15\% per year.

Part (b): Half-life is when A(t)=A02A(t) = \frac{A_0}{2}:

A02=A0e−0.0315t\frac{A_0}{2} = A_0 e^{-0.0315t}

12=e−0.0315t\frac{1}{2} = e^{-0.0315t}

ln⁡(0.5)=−0.0315t\ln(0.5) = -0.0315t

t=ln⁡(0.5)−0.0315=−0.693−0.0315≈22.0t = \frac{\ln(0.5)}{-0.0315} = \frac{-0.693}{-0.0315} \approx 22.0 years

Part (c): With A0=200A_0 = 200 grams and t=50t = 50 years:

A(50)=200⋅e−0.0315(50)A(50) = 200 \cdot e^{-0.0315(50)}

A(50)=200⋅e−1.575A(50) = 200 \cdot e^{-1.575}

A(50)=200⋅0.2067A(50) = 200 \cdot 0.2067

A(50)≈41.3A(50) \approx 41.3 grams

5Problem 5easy

❓ Question:

Determine whether each function represents exponential growth or decay: (a) f(x)=5(1.2)xf(x) = 5(1.2)^x, (b) g(x)=3(0.8)xg(x) = 3(0.8)^x, (c) h(x)=2e−0.5xh(x) = 2e^{-0.5x}

💡 Show Solution

Solution:

Part a) f(x)=5(1.2)xf(x) = 5(1.2)^x

Base: b=1.2>1b = 1.2 > 1

Since the base is greater than 1, this represents exponential growth.

Part b) g(x)=3(0.8)xg(x) = 3(0.8)^x

Base: b=0.8<1b = 0.8 < 1 (but 0.8>00.8 > 0)

Since the base is between 0 and 1, this represents exponential decay.

Part c) h(x)=2e−0.5xh(x) = 2e^{-0.5x}

Rewrite: h(x)=2(e−0.5)xh(x) = 2(e^{-0.5})^x

The base is e−0.5≈0.606<1e^{-0.5} \approx 0.606 < 1

Since the base is between 0 and 1, this represents exponential decay.

Alternative approach for part c): The negative exponent indicates decay.

Answers:

  • a) Growth
  • b) Decay
  • c) Decay
Explain using:

⚠️ Common Mistakes: Exponential Functions and Growth/Decay

Avoid these 4 frequent errors

🌍 Real-World Applications: Exponential Functions and Growth/Decay

See how this math is used in the real world

📝 Worked Example: Related Rates — Expanding Circle

Problem:

A stone is dropped into a still pond, creating a circular ripple. The radius of the ripple is increasing at a rate of 22 cm/s. How fast is the area of the circle increasing when the radius is 1010 cm?

2Write the relationship between variables
3Differentiate both sides with respect to time
4Substitute known values

📌 Related Topics in Exponential and Logarithmic Functions

❓ Frequently Asked Questions

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Understanding exponential functions, exponential growth, and exponential decay models
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