Exponential Growth and Decay: Solving Application Problems, Exercises of Algebra

Instructions on how to solve application problems using exponential growth and decay models. It includes examples of exponential growth and decay equations, as well as steps for solving application problems. The use of logarithms and the interpretation of exponential graphs.

Typology: Exercises

2012/2013

Uploaded on 01/07/2013

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Chapter 9:
Solving
Application
Problems
Objectives:
Exponential growth/growth models
Using
logarithms to solve
Steps
for
Solving
Application
Problems:
1. Read, throw out
nonsense
numbers
2.
Assign
a variable (What is it asking
for?)
3.
Write an equation
4.
Solve
the equation
5. Check,
does
it make
sense?
Exponential
Growth
Models
An
exponential equation or exponential function is
of
the form y
=
a'
orf{x)
= cf, where a>0,a^ 1.
Exponential
Growth or Decay
Formula:
P(t) = P^t/*,a>0,a ^\
Po
represents
the original amount
present,
P{t)
represents
the amount
present
after t years, and a and k are constants.
When
a>
1,
P{t) increases. (Growth)
Ex:
a = 2
When
0 <
(3
< 1, P{t)
decreases.
(Decay)
Ex:
a =
Vi
X
M
7
6
5
1 ~
-
3
-2
i
1
4
4 J{2. 4) 1
2
Hi. ) i
0
2
^
] 2 . 4 5 2
.1
4
8
Ex:
The exponential graph below models the
U.S.
cellular telephone subscribership, P(t), in
thousands,
for
/
years
1989 through 2008. The formula P(t)
=
3,500(1.257)* models this growth.
a. Use the formula to calculate the number of
subscribers in 1989.
V.S.
C'elliitiir
leteplionr
Siilmriliersliip
b. Use the formula to calculate the year it
will
be
when the number of subscribers
reaches
500,000
thousand. , . V-"
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Chapter 9: Solving Application Problems

Objectives:

  • Exponential growth/growth models
  • Using logarithms to solve

Steps for Solving Application Problems:

  1. Read, throw out nonsense numbers
  2. Assign a variable (What is it asking for?)
  3. Write an equation
  4. Solve the equation
  5. Check, does it make sense?

Exponential Growth Models

An exponential equation or exponential function is of the form y = a' orf{x) = cf, where a>0,a^ 1.

Exponential Growth or Decay Formula: _P(t) = P^t/*,a>0,a ^_

Po represents the original amount present, P{t) represents the amount present after t years, and a and k are constants.

When a> 1, P{t) increases. (Growth) Ex: a = 2

When 0 < (3 < 1, P{t) decreases. (Decay) Ex: a = Vi X M 7 6 5

1 ~

  • 3

i 1 4 4 J{2.^ 4)^^1 2 Hi. ) i

0 2 ^ (^) ] 2. 4 5^2 .

4 8

Ex: The exponential graph below models the U.S. cellular telephone subscribership, P(t) , in thousands, for / years 1989 through 2008. The formula P(t) = 3,500(1.257)* models this growth.

a. Use the formula to calculate the number of subscribers in 1989.

V.S. C'elliitiir leteplionr Siilmriliersliip

b. Use the formula to calculate the year it will be when the number of subscribers reaches 500, thousand. ,. V-"

im.mi 'WI.IXK! 2)(MKK>

i I H U K i l l

^ l.!(l,(MHl

SIMXill

XKMm 2U.(KKj 0 L f - i r T i n '90 'ifl •i!2 'ift • ^)"' "M'l 'IKI 'Oi 'U2 'ri.i 'orilj 'Or. '»': "(IS •t^O Year S o U R c : y /ic era .Vt»» .lnj.'ia,-/ iti/c.'t.is liultisir;-Stincw lixv 2)tt)S

You try:

  1. The exponential graph below models the percentage of surface sunlight, Av), that reaches a depth of jc feet beneath the surface of the ocean. The formula / ( x ) = 20(0.975)'' models this decay.

a. Use the formula to calculate the percentage of surface sunlight intensity at a depth of 20 feet.

Intensity of Sunlight Beneath the Ocean's Surface

b. Use tlie tomula to calculate the depth needed to only have 1% of surface sunlight intensity.

'\y —^ 40 60 80 100 120 Ocean Depth (feet)

**Note: When the a in the exponential function,/^) = is replaced with a very special letter e, we get the natural

exponential function, fix) = e^. Since e> 1, we use f{x) =. When k > 0, f(x) increases as x increases and we

have exponential growth. When k < 0,f(x) decreases as x increases and we have exponential decay.**

Natural Exponential Growth or Decay Formula: P{t) = P^e'"

Ex: The exponential graph below models the risk of having a car accident, R(x) (as a percentage), with respect to a person's blood alcohol concentration, x. The formula R{x) = 6e'"^^^ models this growth.

a. Use the fonnula to calculate the percent of risk of getting into a car accident for a person that has a blood alcohol concentration around 0.05.

b. Use the formula to calculate the blood alcohol concentration necessary to have a 100% risk of getting into a car accident. njw

__

, 2 3 - "^^M^ K

A bl«od ileoliol eoiie«n(r«ti»n of 0. eorretpoRdi to w a r eertainfy, or a 100% probibilitjf, of a ear aeeiiieRt.

100% - c •a

03 U a O

20%

0.05 0.10 0.15 0.20 0. Blood Alcohol Concentration

You try:

  1. T he exponential graph below shows the U.S. gross domestic product (GDP), the market value of all goods and services produced within the US, P{t) , in billions, for / years between 1965 and 2010. The general formula P(t) = P^e'" models this growth.

a. Use the graph to find the initial GDP,.

h. Substitute a point on the graph into the formula P(t) = Pe'" to find the constant grow rate, k.

c. Use PQ and k to find the general formula P(0 =£jBt

I4.(XXI

urn mm I 'Kimi - •

. | SIKXi £ ' » « ) : " m} mm Mm

(^0) i<Ki5 i<)7o i')7s list) m!i I 'm mm Year

d. Use the formula found in part c. to calculate the GDP in 2013.

e. Use the formula found in part c. to find when the GDP will be $20,000 billion.

^ " ^ ^ / d\ri-mf2 Oib

Plutonium-239, a radioactive material used in most nuclear reactors, decays exponentially. If there are originally 16 grams of plutonium-239, then the amount of plutonium-239, P(t), remaining after / years is modeled by the formula P{t) = 16e*', where k<Q, since the amount of plutonium decreases as time goes on.

a. If approximately 3.995 grams of plutonium-239 remain after 50,000 years, find the decay rate, k. And, state the fimction that models this case.

b. How much plutonium will remain after 50 years?

c. How long will it take to have only 2 grams remain?

m = 2

Id: 1( Q