Step into the world of rapid change where values double, triple, or shrink by a fixed percentage over time.
If you started with a single penny and doubled your money every day, would you rather have that penny or a flat $1,000,000 after 30 days? The answer might shock you—and it's all thanks to the explosive nature of exponential growth.
In the world of math, change happens in two primary ways. Linear growth occurs when you add the same amount over and over. Think of a piggy bank where you add 5, imagine your money doubles every week. While linear growth looks like a steady climb, exponential growth starts slow and then 'explodes' upward. To spot the difference in a table, look at the -values: if you are adding, it's linear; if you are multiplying, it's exponential.
Quick Check
If a population of bacteria is 100, 200, 400, 800... is this linear or exponential?
Answer
It is exponential because each value is being multiplied by 2, not increased by a constant sum.
Given the equation , identify the starting value and the growth factor.
1. Look for the value of , which is the number outside the parentheses: . This is our starting point. 2. Look for the value of , the base of the exponent: . 3. Since , this represents a growth of per time period.
Quick Check
In the equation , is the value growing or decaying?
Answer
Decaying, because the factor (0.85) is less than 1.
Graphs of exponential functions have a distinct look. An exponential growth curve starts near the x-axis on the left and sweeps upward rapidly to the right, forming a 'J' shape. An exponential decay curve starts high on the left and drops quickly, flattening out as it approaches the x-axis on the right. A key feature is the asymptote: a line that the graph gets closer and closer to but never actually touches. For basic equations, this is usually the x-axis ().
A new car costs 15\%$ of its value every year. Write the equation.
1. Identify the initial value : . 2. Determine the decay factor . If it loses , it keeps of its value. So, . 3. Plug into the formula: . 4. The graph would start at and curve downward toward the x-axis.
A radioactive substance has a half-life of 10 years. If you start with 80 grams, how much is left after 30 years?
1. Initial value . 2. The factor (because it is a 'half'-life). 3. The exponent represents the number of half-life periods. Since 30 years is three 10-year periods, . 4. Equation: . 5. Solve: grams.
Which of these tables represents exponential growth?
In the function , what is the y-intercept?
The graph of will eventually cross below the x-axis and become negative.
Review Tomorrow
In 24 hours, try to write down the general formula for an exponential function and explain what 'a' and 'b' stand for without looking at your notes.
Practice Activity
Find a receipt or a news article mentioning inflation or interest rates. Try to determine if the change described is linear or exponential.