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Part 1: Exponential Growth
Exponential Functions
Part 1 of 7 โ Growth and Decay Models
Exponential Growth: f(t)=aโ
bt where b>1
- a = initial value (when t=0)
- b = growth factor
- Growth rate: r=bโ1
Example: A population starts at 500 and grows 10% per year.
P(t)=500(1.10)t
Exponential Decay: f(t)=aโ
bt where 0<b<1
- Decay rate: r=1โb
Example: A car worth $30,000 depreciates 15% per year.
V(t)=30000(0.85)t
Key Insight โ ๏ธ
Exponential growth is NOT linear. It starts slow and gets dramatically fast.
| Year | Linear (+100/yr) | Exponential (ร1.5) |
|---|
| 0 | 100 | 100 |
| 1 | 200 | 150 |
| 2 | 300 | 225 |
| 5 | 600 | 759 |
| 10 | 1,100 | 5,767 |
Key Takeaways โ Part 1
- f(t)=aโ
bt: a = initial, b = growth factor
- Growth: (rate ). Decay: (rate )
Part 2: Exponential Decay
Exponential Functions
Part 2 of 7 โ Compound Interest
The Compound Interest Formula
A=P(1+nrโ)
Part 3: Compound Interest
Exponential Functions
Part 3 of 7 โ Graphs of Exponential Functions
The Basic Graph: y=bx
- Growth (b>1): rises from left to right
- Decay (): falls from left to right
Part 4: Graphing Exponentials
Exponential Functions
Part 4 of 7 โ Half-Life and Doubling Time
Half-Life
The amount remaining after time t:
A(t)=A0โ(
Part 5: Exponential Equations
Exponential Functions
Part 5 of 7 โ Exponential vs. Linear
How to Tell the Difference
| Feature | Linear | Exponential |
|---|
| Pattern | Add constant | Multiply by constant |
| Formula | y=mx+b | y |
Part 6: Problem-Solving Workshop
Exponential Functions
Part 6 of 7 โ Rewriting Exponential Expressions
Changing the Base
The SAT often asks you to rewrite exponentials in equivalent forms.
Example: Express the annual growth rate from a monthly model:
P(t)=100(1.02)12t
Rewrite:
Part 7: Review & Applications
Exponential Functions
Part 7 of 7 โ Review & Hard Practice
Complete Exponential Toolkit
| Model | Formula | Key Feature |
|---|
| Basic growth | y=abt, b>1 | Constant percent increase |
b>1
"Doubles every k" โ bt/k where b=2 Exponential eventually outpaces linear growthnt
| Variable | Meaning |
|---|
| A | Final amount |
| P | Principal (starting amount) |
| r | Annual interest rate (as decimal) |
| n | Number of times compounded per year |
| t | Number of years |
Common Compounding Periods
| n | Compounding |
|---|
| 1 | Annually |
| 4 | Quarterly |
| 12 | Monthly |
| 365 | Daily |
Example
$5,000 invested at 6% compounded monthly for 3 years:
A=5000(1+120.06โ)12ร3=5000(1.005)36โ$5,983.40
Continuous Compounding (Rare on SAT)
Key Takeaways โ Part 2
- Compound interest formula: A=P(1+r/n)nt
- Identify n from compounding frequency (annually, monthly, etc.)
- Compound interest grows faster than simple interest over time
- To find annual rate from the formula: r=nร(baseโ1)
0
<
b<
1
Always passes through (0,1) since b0=1 Horizontal asymptote: y=0 (the x-axis) Domain: all real numbers; Range: y>0 Transformations: y=aโ
bxโh+k
| Parameter | Effect |
|---|
| a | Vertical stretch/flip (if negative: reflected) |
| h | Horizontal shift (right if positive) |
| k | Vertical shift (up if positive) |
| k | New horizontal asymptote: y=k |
Reading Exponential Graphs on SAT
- y-intercept: the initial value a (where the graph crosses y-axis)
- Horizontal asymptote: the value y approaches but never reaches
- Growth vs decay: is the function increasing or decreasing?
- Growth factor: pick two integer x-values, divide y-values
Key Takeaways โ Part 3
- y=bx always passes through (0,1) with asymptote y=0
- Transformations shift the graph and asymptote: y=aโ
bxโh+k has asymptote y=k
- Growth (b>1): curve rises; Decay (0<b<1): curve falls
- Find the equation from two points: use (0,y0โ) for a and another point for b
21โ
)
t/h
Where h = half-life (time to lose half).
Example: A 400g sample has a half-life of 5 days.
After 15 days: A=400(1/2)15/5=400(1/2)3=400(1/8)=50 grams
Doubling Time
A(t)=A0โโ
2t/d
Where d = doubling time.
Example: A population of 1000 doubles every 7 years.
After 21 years: A=1000โ
221/7=1000โ
23=8000
Finding Half-Life from Decay Rate
If something decays by r% per period:
- Decay factor: b=1โr/100
- Half-life: solve bh=1/2 โ h=ln(b)ln(1/2)โ
On the SAT, you can often solve by testing: "After how many periods does the amount drop below half?"
Half-Life & Doubling ๐ฏ
Key Takeaways โ Part 4
- Half-life: A=A0โ(1/2)t/h. After n half-lives, multiply by (1/2)n
- Doubling time: A=A0โโ
2t/d. After n doublings, multiply by
- Count the number of half-lives or doublings first for quick mental math
- Finding half-life from percent decay: solve bh=0.5
=
abx
| Table | Constant differences | Constant ratios |
From a Table
| x | y (linear) | y (exponential) |
|---|
| 0 | 3 | 3 |
| 1 | 7 | 6 |
| 2 | 11 | 12 |
| 3 | 15 | 24 |
Linear: differences are all +4.
Exponential: ratios are all ร2.
SAT Question Type
"Which type of function best models the data?"
Check: are the differences constant (linear) or are the ratios constant (exponential)?
The Key Difference for Word Problems
- "Increases by 50 each year" โ linear: y=50t+b
- "Increases by 50% each year" โ exponential: y=a(1.5)t
Linear vs. Exponential ๐ฏ
Key Takeaways โ Part 5
- Linear: constant differences between consecutive y-values
- Exponential: constant ratios between consecutive y-values
- "Increases BY [amount]" โ linear; "Increases BY [percent]" โ exponential
- Exponential always overtakes linear eventually
P(t)=100[(1.02)12]t=100(1.2682)t
So the monthly rate is 2% but the annual rate is about 26.82%.
Converting Between Growth Periods
f(t)=500(1.06)t (annual growth of 6%)
Quarterly equivalent: f(t)=500(1.06)t=500((1.06)1/4)4tโ500(1.01467)4t
Key Trick for SAT
If you see (1.03)4t:
- This means 3% growth per quarter (since the exponent is 4t)
- Annual rate: (1.03)4โ1โ12.55%
If you see (0.95)t/2:
- This means 5% decay every 2 years (since the exponent is t/2)
- Annual rate: (0.95)1/2โ1โโ2.53%
Rewriting Exponentials ๐ฏ
Key Takeaways โ Part 6
- Rewrite aโ
bct as aโ
(bc)t to find the rate per unit time
- Rewrite aโ
bt/c as aโ
(b1/c) similarly
- Monthly rate โ annual rate รท 12 (compounding makes it higher)
- Exponent nt: the base gives the rate per 1/n of a time unit
| Basic decay | y=abt, 0<b<1 | Constant percent decrease |
| Compound interest | A=P(1+r/n)nt | Interest on interest |
| Half-life | A=A0โ(1/2)t/h | Amount halves every h |
| Doubling | A=A0โโ
2t/d | Amount doubles every d |
Interpreting in Context
When the SAT gives you f(t)=300(0.85)t/4 and asks what 0.85 means:
"The quantity decreases by 15% every 4 units of time."
The base tells you the rate; the denominator in the exponent tells you the period.
Hard SAT Pattern: Finding the Equation from Context
"A sample decreases from 200 to 50 in 6 hours."
50=200โ
b6 โ b6=1/4 โ b=(1/4)1/6=4โ1/6=2โ1/3
Or: b6=0.25 โ b=0.251/6โ0.794
So every hour, about 20.6% decays.
Key Takeaways โ Part 7
- The base determines the growth/decay rate โ larger base = faster growth
- Period: look at the exponent โ t/k means the rate applies over k time units
- To find b from two points: b=(y2โ/y1โ)1/(x2โโx1
- For large values of t, the base matters more than the initial value
2n
t
โ
)