Did you know that if you put a group of fruit flies together, their number will double each day?

after 1 day initial population of 4 8 Suppose we start with an How many

after 2 days 16 Initial population 4 How many

after 3 days 32 Initial population 4 How many

after 4 days 64 Initial population 4 How many

Initial population: 4 fruit flies After 2 days4x2x2 fruit flies = 4x2 2 = 16 After 3 days4x2x2x2 fruit flies = 4x2 3 = 32 After 4 days4x2x2x2x2 fruit flies = 4x2 4 = 64 After 1 day:4x2 fruit flies = 8 After t days, the number N, of fruit flies is How many fruit flies will be present after 10 days (assuming none die)? N(10) = 4x2 10 = 4,096 This is an example of an exponential function.

A function N(t) is an exponential function with base a if N changes by constant multiples of a. That is, if t is increased by 1, the new value of N is formed by multiplying by a. 1.The formula for an exponential function with base a and initial value P is N = Pa t. In the fruit fly illustration, P = 4 (the initial population), and a = 2 (daily growth factor), and N = N(t) = 4x2 t.

N = 1000(.5 t ) This is an example of exponential decay (as opposed to growth) 1,000 is the initial value and.5 is the daily decay factor. What if we began with 1,000 fruit flies and we killed half each day? What would the exponential function look like?

What if we began with 1,000 fruit flies and we killed half each day? What would the exponential function look like? N = 1000(.5 t ) This is an example of exponential decay (as opposed to growth) 1,000 is the initial value and.5 is the daily decay factor. What if we only killed ¼ of the flies each day? What would the exponential function look like? N = 1000(.75 t )

a > 10 < a < 1 3. If 0 < a < 1, the N shows exponential decay with decay factor a. The limiting value of such a function is 0. A function N(t) is an exponential function with base a if N changes by constant multiples of a. That is, if t is increased by 1, the new value of N is formed by multiplying by a. 1.The formula for an exponential function with base a and initial value P is N = Pa t. 2. If a > 1, then N shows exponential growth with growth factor a.

A common situation where an exponential function would apply is a situation where there is a constant percent increase or decrease.

For example: Suppose you find an investment that allows you to earn 8% per year on your investment. How much will your investment be worth after 9 years (assuming you make no withdrawals)? You decide to invest $5,000. Year 1 - Begin with $5,000. Interest first year =.08 x 5,000 = $400 After 1 year, your investment is worth: 5, = $5,400 Year 2 - Begin with $5,400. Interest second year =.08 x 5,400 = $432 After 2 years, your investment is worth: 5, = $5,832 W = 5,000(1.08 t ) Where W is the worth of the investment and t is the number of years. This can be modeled with the exponential function: 8% is the growth rate 1.08 is the growth factor $9,995.02

A function is exponential if it shows constant percentage growth or decay. 1.For an exponential function with (yearly, monthly, etc.) percentage growth rate r (as a decimal), the growth factor is a = 1 + r In our investment example, we added.08 to 1 to obtain the growth factor W = 5,000(1.08 t ) where W = worth of the investment and t = number of years invested 8% is the percentage growth rate (or just growth rate) = 1.08 is the yearly growth factor (or just growth factor).

In 1971, the average selling price for a house in Cobb County was $81,000. From the year 1971 to the year 2007, the average selling price rose 3.7 percent per year. 1.Write a formula for the average selling price P of a house in Cobb County t years after What was the average selling price for a house in Cobb County in 2007? 3.7% is the growth rate, P = 81,000(1.037 t ) is the growth factor. $299,585.13

A function is exponential if it shows constant percentage growth or decay. 1.For an exponential function with (yearly, monthly, etc.) percentage growth rate r (as a decimal), the growth factor is a = 1 + r 2.For an exponential function with (yearly, monthly, etc.) percentage decay rate r (as a decimal), the decay factor is a = 1 - r In our investment example, we added.08 to 1 to obtain the growth factor W = 5,000(1.08 t ) where W = worth of the investment and t = number of years invested 8% is the percentage growth rate (or just growth rate) = 1.08 is the yearly growth factor (or just growth factor). In our second fruit fly example, we subtracted.25 from 1 to obtain the decay factor N = 1,000(.75 t ) where N = number of fruit flies remaining and t = number of days 25% is the percentage decay rate (or just decay rate). 1 –.25 =.75 is the daily decay factor (or just decay factor).

From 1900 to 1960, the population of Orlando, Florida was growing at a rate of 3% per year. Orlando’s population in 1900 was 13, Write a formula to express population P after t years (from 1900 to 1960) as an exponential function. 2. What is the yearly growth factor? 3. Estimate the population of Orlando in 1925? P = 13850(1.03 t ) 1.03 Based on the model, the population of Orlando in 1925 was 28,999.

From 1900 to 1960, the population of Orlando, Florida was growing at a rate of 3% per year. Orlando’s population in 1900 was 13, Write a formula to express population P after t years (from 1900 to 1960) as an exponential function. 2. What is the yearly growth factor? 3. Estimate the population of Orlando in 1925? 4. In 1950 Podunk, N.J. and Orlando had the same population. However, from 1950 on, Podunk began losing people at the rate of 4% a year. Write an exponential function for the population of Podunk t years after P = 13850(1.03 t ) 1.03 Based on the model, the population of Orlando in 1925 was 28,999. P = 60717(.96 t )

Homework: Read Section 4.1 (through the top of page 315) Page 322 # S-1 through S-12 Page 323 # 1, 2, 3, 4, 13 Only parts a and b. Section 4.1 Graphs on the calculator only