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Which plan yields the most interest. Invest $100 Plan A: A 7

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Presentation on theme: "Which plan yields the most interest. Invest $100 Plan A: A 7"β€” Presentation transcript:

1 Which plan yields the most interest. Invest $100 Plan A: A 7
Which plan yields the most interest? Invest $100 Plan A: A 7.5% annual rate compounded monthly for 4 years Plan B: A 7.2% annual rate compounded daily for 4 years Plan C: A 7% annual rate compounded continuously for 4 years Warm Up Solve: βˆ’160=βˆ’5 π‘Ž Solve: 3π‘₯βˆ’2 +1= 5π‘₯βˆ’1

2 Plan A: A 7.5% annual rate compounded monthly for 4 years
Which plan yields the most interest? Invest $100 Plan A: A 7.5% annual rate compounded monthly for 4 years Plan B: A 7.2% annual rate compounded daily for 4 years Plan C: A 7% annual rate compounded continuously for 4 years 𝟏𝟎𝟎 (𝟏+ .πŸŽπŸ•πŸ“ 𝟏𝟐 ) πŸπŸβˆ™πŸ’ =πŸπŸ‘πŸ’.πŸ–πŸ” 𝟏𝟎𝟎 (𝟏+ .πŸŽπŸ•πŸ πŸ‘πŸ”πŸ“ ) πŸ‘πŸ”πŸ“βˆ™πŸ’ =πŸπŸ‘πŸ‘.πŸ‘πŸ• 𝟏𝟎𝟎 𝒆 .πŸŽπŸ•βˆ™πŸ’ =πŸπŸ‘πŸ.πŸ‘πŸ

3 5.5 Logarithmic Functions
Graph: π’š= 𝟐 𝒙 Graph the inverse. Can you find the inverse equation algebraically? 𝒙= 𝟐 π’š The inverse equation is π’š= π’π’π’ˆ 𝟐 𝒙

4 Logs vs exponential functions
Logarithms are the inverses of exponential functions. The output,or answer, to a log expression is an exponent

5 5.5 Logarithmic Functions
Changing from exponential to log form and vice versa: π‘™π‘œπ‘” 𝑏 π‘₯=π‘Ž ↔ 𝑏 π‘Ž =π‘₯ Example: If 𝟐 πŸ‘ =πŸ– then π’π’π’ˆ 𝟐 πŸ–=πŸ‘

6 π‘™π‘œπ‘” 𝑏 π‘₯=π‘Ž ↔ 𝑏 π‘Ž =π‘₯ a. π‘™π‘œπ‘” 12 1=0 a. 52=25 b. 2-3=1/8 b. π‘™π‘œπ‘” 27 3= 1 3
π‘™π‘œπ‘” 𝑏 π‘₯=π‘Ž ↔ 𝑏 π‘Ž =π‘₯ Write each in exponential form. a. π‘™π‘œπ‘” 12 1=0 b. π‘™π‘œπ‘” 27 3= 1 3 Write each in log form. a. 52=25 b. 2-3=1/8 π’π’π’ˆ πŸ“ πŸπŸ“=𝟐 𝟏𝟐 𝟎 =𝟏 π’π’π’ˆ 𝟐 𝟏 πŸ– =βˆ’πŸ‘ πŸπŸ• 𝟏 πŸ‘ =πŸ‘

7 Strategy for evaluating logs without at calculator
Step 1: switch to exponent form Step 2: what exponent makes the statement true? Answer step two by changing to like bases, if necessary.

8 Evaluate without a calculator:
=π‘₯ 𝒙=𝟐 𝟏𝟐 𝒙 =πŸπŸ’πŸ’ π‘™π‘œπ‘” π‘™π‘œπ‘” π‘™π‘œπ‘” 5 5 =π‘₯ 𝟏𝟎 𝒙 =.𝟎𝟎𝟏 𝒙=βˆ’πŸ‘ 𝒙= 𝟏 𝟐 =π‘₯ πŸ“ 𝒙 = πŸ“ Hint: set the expression equal to x. Rewrite in exponential form and solve.

9 Problem 2 π‘™π‘œπ‘” =π‘₯ 𝟏𝟎 𝒙 =.πŸŽπŸŽπŸβ†’ 𝟏𝟎 𝒙 = 𝟏 𝟏𝟎𝟎𝟎 solve by changing to like bases: 10 π‘₯ = β†’ 10 π‘₯ = 10 βˆ’3 β†’π‘ π‘œ π‘₯=βˆ’3 So π‘™π‘œπ‘” =βˆ’3

10 Problem 3 π‘™π‘œπ‘” 5 5 =π‘₯β†’ πŸ“ 𝒙 = πŸ“ Reminder: π‘₯ = π‘₯ 1 2
π‘™π‘œπ‘” =π‘₯β†’ πŸ“ 𝒙 = πŸ“ Reminder: π‘₯ = π‘₯ 1 2 πŸ“ 𝒙 = πŸ“ β†’ πŸ“ 𝒙 = πŸ“ 𝟏/𝟐 →𝒙= 𝟏 𝟐

11 The Common Log Base 10 Written as log(x)
A logarithm can have any positive value as its base, but two log bases are more useful than the others. The Common Log Base 10 Written as log(x) Base 10 is the default for logs The log key on your calculator has base 10 Examples: pH (the measure of a substance's acidity or alkalinity), decibels (the measure of sound intensity), the Richter scale (the measure of earthquake intensity)

12 𝒍 𝒏 𝒙 =π’Œ 𝒆 π’Œ =𝒙 The Natural Log The other base that is used often is e
π’π’π’ˆπ’† 𝒙 is usually written as 𝒍𝒏 𝒙 The natural log key on your calculator is LN Just as the numberΒ e arises naturally in math and science, so does the natural log 𝒍 𝒏 𝒙 =π’Œ 𝒆 π’Œ =𝒙

13 Find the value to the nearest hundredth:
a. 10 π‘₯ =75 b. 𝑒 π‘₯ =75 𝒙=π’π’π’ˆπŸ•πŸ“ β‰ˆπŸ.πŸ–πŸ– 𝒙=π’π’πŸ•πŸ“β‰ˆπŸ’.πŸ‘πŸ

14 Solve Without a Calculator you may leave your answer in terms of e
π‘™π‘œπ‘”π‘₯=4 𝑙𝑛π‘₯=2 π‘™π‘œπ‘” 5 π‘₯=2 π‘™π‘œπ‘” π‘₯ 121=2 π‘™π‘œπ‘” π‘₯ =βˆ’1 10,000 𝑒 2 25 11 2

15 Homework due Friday P odd, plus odd OR 19-43odd


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