Apply the exponential growth formula to real-world cases like increasing populations or investments
Describe how long it takes for quantities to double or reduce by half
Implement the exponential decay formula for scenarios like radioactive substances decaying or objects cooling down
Exponential Growth Model
The Main Idea
Exponential Growth Model:
General form: y=y0ekt
y0: Initial state of the system
k: Positive growth constant
Key Feature:
Rate of growth is proportional to current function value
y′=ky
Applications:
Population growth
Compound interest
Compound Interest Formula:
Balance=Pert
P: Principal (initial investment)
r: Interest rate (as a decimal)
t: Time (in years)
Doubling Time:
Time for a quantity to double in exponential growth
Formula: Doubling time=ln2k
Consider a population of bacteria that grows according to the function f(t)=500e0.05t, where t is measured in minutes. How many bacteria are present in the population after 4 hours? When does the population reach 100 million bacteria?
There are 81,377,396 bacteria in the population after 4 hours. The population reaches 100 million bacteria after 244.12 minutes.
Suppose instead of investing at age 25√b2−4ac, the student waits until age 35. How much would she have to invest at 5%? At 6%?
At 5% interest, she must invest $223,130.16. At 6% interest, she must invest $165,298.89.
Suppose it takes 9 months for the fish population in the last example to reach 1000 fish. Under these circumstances, how long do the owner’s friends have to wait?
38.90 months
Watch the following video to see the worked solution to this example.
For closed captioning, open the video on its original page by clicking the Youtube logo in the lower right-hand corner of the video display. In YouTube, the video will begin at the same starting point as this clip, but will continue playing until the very end.
A bacteria culture starts with 1000 cells and grows exponentially. After 2 hours, there are 1500 cells. How many cells will be present after 5 hours?
Use the exponential growth model: y=y0ekt
We know:
y0=1000 (initial number of cells)
After 2 hours, y=1500
Find k using the 2-hour data point:
1500=1000ek(2)1.5=e2kln1.5=2kk=ln1.52≈0.2027
Now use this k value to find the number of cells after 5 hours:
y=1000e0.2027(5)≈2740 cells
Therefore, after 5 hours, there will be approximately 2740 bacteria cells in the culture.
Exponential Decay Model
The Main Idea
Exponential Decay Model:
General form: y=y0e−kt
y0: Initial state of the system
k: Positive decay constant
Key Feature:
Rate of decay is proportional to current function value
y′=−ky
Applications:
Newton’s Law of Cooling
Radioactive decay
Population decline
Newton’s Law of Cooling:
T=(T0−Ta)e−kt+Ta
T: Temperature of object
T0: Initial temperature
Ta: Ambient temperature
Half-Life:
Time for a quantity to reduce by half in exponential decay
Formula: Half-life=ln2k
Suppose the room is warmer (75°F) and, after 2 minutes, the coffee has cooled only to 185°F. When is the coffee first cool enough to serve? When is the coffee be too cold to serve? Round answers to the nearest half minute.
The coffee is first cool enough to serve about 3.5 minutes after it is poured. The coffee is too cold to serve about 7 minutes after it is poured.
Watch the following video to see the worked solution to this example.
For closed captioning, open the video on its original page by clicking the Youtube logo in the lower right-hand corner of the video display. In YouTube, the video will begin at the same starting point as this clip, but will continue playing until the very end.
If we have 100 g of carbon-14, how much is left after t years? If an artifact that originally contained 100 g of carbon now contains 20g of carbon, how old is it? Round the answer to the nearest hundred years.
A total of 94.13 g of carbon remains. The artifact is approximately 13,300 years old.
Watch the following video to see the worked solution to this example.
For closed captioning, open the video on its original page by clicking the Youtube logo in the lower right-hand corner of the video display. In YouTube, the video will begin at the same starting point as this clip, but will continue playing until the very end.
A radioactive sample initially contains 100 grams of a certain isotope. After 30 days, the sample contains 80 grams of the isotope. What is the half-life of this isotope?