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Exponential and Logarithmic Models

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1 Exponential and Logarithmic Models
Section 3.5 Precalculus PreAP/Dual, Revised ยฉ2018 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

2 Compound Interest Equation
๐‘จ = Total Amount Earned ๐‘ท = Principle ๐’“ = Interest Rate ๐’ = Compounded Amount ๐’• = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

3 ยง3.5: Exponential and Logarithmic Models
Video 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

4 Compounded Time Frames
Annually: 1 time a year Semi-Annually: 2 times a year Quarterly: 4 times a year (not THREE TIMES a year) Monthly: 12 times a year Daily: 365 times a year 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

5 ยง3.5: Exponential and Logarithmic Models
Example 1 $๐Ÿ“,๐ŸŽ๐ŸŽ๐ŸŽ is deposited in an account that pays ๐Ÿ”% annual interest compounded quarterly. Find the balance after 25 years. ๐‘จ= ? How much it is when the balance after 25 years? ๐‘ท=$๐Ÿ“,๐ŸŽ๐ŸŽ๐ŸŽ $5,000 is deposited ๐’“=๐ŸŽ.๐ŸŽ๐Ÿ” Interest Rate โ€“ remember it needs to be in decimal form ๐’=๐Ÿ’ Compounded quarterly ๐’•=๐Ÿ๐Ÿ“ Time it takes to accrue amount 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

6 ยง3.5: Exponential and Logarithmic Models
Example 1 $๐Ÿ“,๐ŸŽ๐ŸŽ๐ŸŽ is deposited in an account that pays ๐Ÿ”% annual interest compounded quarterly. Find the balance after 25 years. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 2 Determine the amount that a $5,000 investment over ten years at an annual interest rate of 4.8% is worth compounded daily. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 3 How much must you deposit in an account that pays 6.5% interest, compounded quarterly, to have a balance of $5,000 in 15 years? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn A deposit is made for $100,000 into an account that pays 6% interest. Find the balance after 10 years if the interest is compounded monthly. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

10 Compounded Continuously
๐‘จ = Total Amount Earned ๐‘ท = Principle ๐’† = The Natural Base ๐’“ = Interest Rate ๐’• = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

11 ยง3.5: Exponential and Logarithmic Models
Example 4 A deposit is made for $100,000 into an account that pays 6% interest. Find the balance after 10 years if the interest is compounded continuously. ๐‘จ = ?? ๐‘ท = $100,000 ๐’† = Use e in Calc ๐’“ = 0.06 ๐’• = 10 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 5 An investment of $3,500 at 3% annual interest compounded continuously was made. How much is in the account after 4 years? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn Suppose that you put in $1,000 into a savings account that compounded continuously. Determine the amount with an interest rate of 5.1% after 10 years. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 6 You have deposited $500 in an account that pays 6.75% interest, compounded continuously. How long will it take your money to double? Doubled Amount 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 6 You have deposited $500 in an account that pays 6.75% interest, compounded continuously. How long will it take your money to double? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn How long will it take $30,000 to accumulate to $110,000 in a trust that earns a 10% annual return compounded continuously? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

17 Exponential Growth/Decay
๐‘ท = Ending Amount ๐‘ท ๐ŸŽ = Initial Amount ๐’† = The Natural Base ๐’Œ = Growth or Decay Rate ๐’• = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 7 A certain bacterium has an exponential growth rate of 25% per day. If we start with 0.5 grams and provide unlimited resources how much bacteria can we grow in 14 days? ๐‘ท = ?? ๐‘ท๐ŸŽ = 0.5 ๐’† = The Natural Base ๐’Œ = 0.25 ๐’• = 14 days P = Ending Amount P0 = Initial Amount e = The Natural Base k = Growth or Decay Rate t = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

19 ยง3.5: Exponential and Logarithmic Models
Example 8 What is the total amount of bacteria when the initial amount of bacteria is 300, ๐’Œ=๐ŸŽ.๐ŸŽ๐Ÿ”๐Ÿ–, and the time studied is 52 hours? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn At the start of an experiment, there are 100 bacteria. If the bacteria follow an exponential growth pattern with rate ๐’Œ=๐ŸŽ.๐ŸŽ๐Ÿ, what will be the population after 5 hours? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

21 ยง3.5: Exponential and Logarithmic Models
Example 9 During its exponential growth phase, a certain bacterium can grow from 5,000 cells to 12,000 cells in 10 hours. What is the growth rate? P = 12,000 P0 = 5,000 ๐’† = The Natural Base k = ?? t = 10 P = Ending Amount P0= Initial Amount e = The Natural Base k = Growth or Decay Rate t = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

22 ยง3.5: Exponential and Logarithmic Models
Example 9 During its exponential growth phase, a certain bacterium can grow from 5,000 cells to 12,000 cells in 10 hours. What is the growth rate? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 10 During its exponential growth phase, a certain bacterium can grow from 5,000 cells to 15,000 cells in 12 hours. What is the growth rate? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn The population of a certain city in 2000 was 99,500. What is its initial population in 1975 when its growth rate is at Round to the nearest whole number. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 11 If certain isotope has a half-life of 4.2 days. How long will it take for a 150 milligram sample to decay so that only 10 milligrams are left? ๐‘ท = 75 ๐‘ท๐ŸŽ = 150 ๐’† = The Natural Base ๐’Œ = ?? ๐’• = 4.2 P = Ending Amount P0= Initial Amount e = The Natural Base k = Growth or Decay Rate t = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

26 ยง3.5: Exponential and Logarithmic Models
Example 11 If certain isotope has a half-life of 4.2 days. How long will it take for a 150 milligram sample to decay so that only 10 milligrams are left? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

27 ยง3.5: Exponential and Logarithmic Models
Example 11 If certain isotope has a half-life of 4.2 days. How long will it take for a 150 milligram sample to decay so that only 10 milligrams are left? ๐‘ท = 10 ๐‘ท๐ŸŽ = 150 ๐’† = The Natural Base ๐’Œ = โ€“.1650 ๐’• = ?? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 12 The half-life of carbon-14 is 5,730 years. The skeleton of a mastodon has 42% of its original Carbon-14. When did the mastodon die? ๐‘ท = ยฝ (half life) ๐‘ท๐ŸŽ = 1 (full life) ๐’† = The Natural Base ๐’Œ = ?? ๐’• = 5,730 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

29 ยง3.5: Exponential and Logarithmic Models
Example 12 The half-life of carbon-14 is 5,730 years. The skeleton of a mastodon has 42% of its original Carbon-14. When did the mastodon die? ๐‘ท = 0.42 (total left) ๐‘ท๐ŸŽ = 1 ๐’† = The Natural Base ๐’Œ = (ln 0.5)/5730 ๐’• = ?? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

30 ยง3.5: Exponential and Logarithmic Models
Your Turn The half-life of carbon-14 is 5,730 years. If it is determined that an old bone contains ๐Ÿ–๐Ÿ“% of its original carbon-14, how old is the bone? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

31 Newtonโ€™s Law of Cooling
๐‘ป ๐‘ญ = Final Temperature ๐‘ป ๐‘น = Temperature of the Environment ๐‘ป ๐ŸŽ = Initial Temperature of the Object ๐’† = The Natural Base ๐’Œ = Growth or Decay Rate ๐’• = Time 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 13 A container of ice cream arrives home from the supermarket at a temperature of ๐Ÿ”๐Ÿ“ยฐ๐‘ญ. It is placed in the freezer which has a temperature of ๐Ÿ๐ŸŽยฐ๐‘ญ. Determine the final temperature at which it will be still considered โ€œfreezing,โ€ if the rate of change is ๐ŸŽ.๐Ÿ๐ŸŽ๐Ÿ•ยฐ๐‘ญ per minute for ๐Ÿ๐Ÿ.๐Ÿ‘๐Ÿ“ minutes. TF = Final Temperature TR = Environment Temp T0 = Initial Temperature e = The Natural Base k = Growth or Decay Rate t = Time ๐‘ป๐‘ญ = ?? ๐‘ป๐‘น = 20ยฐ ๐‘ป๐ŸŽ = 65ยฐ ๐’† = The Natural Base ๐’Œ = 0.107 ๐’• = 12.35 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Your Turn The cooling model for tea served in a 6 oz. cup uses Newtonโ€™s Law of Cooling equation. The original temperature was ๐Ÿ๐ŸŽ๐ŸŽยฐ๐‘ญ and current environment temperature of the tea is at ๐Ÿ”๐Ÿ–ยฐ๐‘ญ. Determine the temperature if the decay rate is at ๐ŸŽ.๐Ÿ’๐Ÿ per minute and waiting time is 6 minutes. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

34 ยง3.5: Exponential and Logarithmic Models
Example 14 When an object is removed from a furnace and placed in an environment with a constant decay rate of ๐ŸŽ.๐Ÿ‘๐Ÿ๐Ÿ๐Ÿ’ and the room temperature of ๐Ÿ–๐ŸŽยฐ๐‘ญ, its core temperature is ๐Ÿ๐Ÿ“๐ŸŽ๐ŸŽยฐ๐‘ญ. If the final temperature is at ๐Ÿ‘๐Ÿ•๐Ÿ–ยฐ๐‘ญ, about how long is it out of the furnace (in hours)? TF = Final Temperature TR = Environment Temp T0 = Initial Temperature e = The Natural Base k = Growth or Decay Rate t = Time ๐‘ป๐‘ญ = ๐Ÿ‘๐Ÿ•๐Ÿ–ยฐ ๐‘ป๐‘น = ๐Ÿ–๐ŸŽยฐ ๐‘ป๐ŸŽ = ๐Ÿ๐Ÿ“๐ŸŽ๐ŸŽยฐ ๐’† = The Natural Base ๐’Œ = ๐ŸŽ.๐Ÿ‘๐Ÿ๐Ÿ๐Ÿ’ ๐’• = ?? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

35 ยง3.5: Exponential and Logarithmic Models
Example 14 When an object is removed from a furnace and placed in an environment with a constant decay rate of ๐ŸŽ.๐Ÿ‘๐Ÿ๐Ÿ๐Ÿ’ and the room temperature of ๐Ÿ–๐ŸŽยฐ๐‘ญ, its core temperature is ๐Ÿ๐Ÿ“๐ŸŽ๐ŸŽยฐ๐‘ญ. If the final temperature is at ๐Ÿ‘๐Ÿ•๐Ÿ–ยฐ๐‘ญ, about how long is it out of the furnace (in hours)? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

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Example 14 Pete was driving on a hot day when the car starts overheating and stops running. It overheats to ๐Ÿ๐Ÿ–๐ŸŽยฐ๐‘ญ and can be driven again at ๐Ÿ๐Ÿ‘๐ŸŽยฐ๐‘ญ. Suppose it takes ๐Ÿ”๐ŸŽ minutes until Pete can drive if is ๐Ÿ–๐ŸŽยฐ๐‘ญ outside, what is the decay factor? Round to three decimal places. 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

37 ยง3.5: Exponential and Logarithmic Models
Your Turn Devin baked a yam at ๐Ÿ‘๐Ÿ“๐ŸŽยฐ, and when Devin removed it from the oven, he let the yam cool, which has a room temperature of ๐Ÿ”๐Ÿ–ยฐ๐‘ญ. After ๐Ÿ๐ŸŽ minutes, the yam has cooled to ๐Ÿ๐Ÿ’๐ŸŽยฐ๐‘ญ. What is the decay factor? 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models

38 ยง3.5: Exponential and Logarithmic Models
Assignment Worksheet 2/27/2019 6:28 AM ยง3.5: Exponential and Logarithmic Models


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