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Exponential Functions


Often, patterns can be used to describe and classify types of functions.

The data collected in the Hands-On Algebra activity can be represented in a table to see a pattern more easily. Each fold increases the number of sections by a factor of 2.

Let x equal the number of folds and let y equal the number of sections. Then the function y = 2x represents the number of sections for any number of folds. This is an example of an exponential function. An exponential function is of the form y = ax, where a > 0 and a ¹ 1. Some people also refer to equations of the form y = abx + c as exponential functions. For this form of the exponential function, the value a is called the coefficient.

You can make a table to help graph exponential functions.

 

Example

 

1.     Graph y = 2x.

 

Alternative Solutions:

 







The graph of an exponential function changes little for small x values. However, as the values of x increase, the y values increase quickly.

The initial value of an exponential function is the value of the function when x  0. This is the same as the y-intercept. Exponential functions of the form y = ax have an initial value of 1. Exponential functions of the form y = abx + c have an initial value of c.

 

Example

Graph each exponential function. Then state the y-intercept.

 

2.     y = 5x

 

Alternative Solutions:

 

 





To find the y-intercept, let x = 0 and solve for y.

y = 50 or 1

In this case, the y-intercept is 1.

 

 

3.     y = 2x + 3

 

Alternative Solutions:

 

 






The y-intercept is 4.    The constant is 3: 1 + 3 = 4.

 

Quantities that increase rapidly have exponential growth. For instance, money in the bank may grow at an exponential rate.

 

Example

Finance Link

 

4.    When Taina was 10 years old, she received a certificate of deposit (CD) for $2000 with an annual interest rate of 5%. After eight years, how much money will she have in the account?

 

Alternative Solutions:

 

After the first year, the CD is worth the initial deposit plus interest.

Taina can make a table to look for patterns in the growth of her CD.

Let x represent the number of years. Then the function that represents the balance in Taina’s CD is B(x) = 2000(1.05)x. After eight years, it will have a balance of $2954.91.

 

For exponential data, you can create a best-fit curve that passes through most of the data points. You can then use this curve to make predictions.

 


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Labels: Mathematician

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