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Exponential Growth and Decay
Exponential Growth and Decay
Exponential Growth and Decay
\
|
+ =
= 59.83
Investing $1,000 at a rate of 10% compounded annually,
Investing $1,000 at a rate of 10% compounded annually,
quarterly, monthly, and daily will yield the following
quarterly, monthly, and daily will yield the following
amounts after 1 year:
amounts after 1 year:
A = P(1 + r) = 1,000(1 + .1) = $1100.00
A = P(1 + r) = 1,000(1 + .1) = $1100.00
Comparing Compounding Periods
$1103.81
4
.1
1 1000 A
4
=
|
.
|
\
|
+ =
$1104.71
12
.1
1 1000 A
12
=
|
.
|
\
|
+ =
$1105.16
365
.1
1 1000 A
365
=
|
.
|
\
|
+ =
Of course, the bank does not employ some clerk to
continuously calculate your interest with an adding machine.
We could calculate:
0
lim 1
kt
k
r
A
k
| |
+
|
\ .
but we wont learn how to find this limit for a bit.
Since the interest is proportional to the amount present,
the equation becomes:
Continuously Compounded
Interest:
0
rt
A A e =
You may also use:
rt
A Pe =
which is the same thing.
Investing $1,000 at a rate of 10%, compounded
daily
daily yields :
$1105.16
365
.1
1 1000 A
365
=
|
.
|
\
|
+ =
Investing $1,000 at a rate of 10%, compounded
continuously
continuously yields :
A = 1000 e
A = 1000 e
.1
.1
= $1105.17
= $1105.17
Comparing Compounding Periods
What amount will result from investing $100
What amount will result from investing $100
at 12%, compounded continuously, after a
at 12%, compounded continuously, after a
period of
period of
years.
years.
4
3
3
A = Pe
A = Pe
rt rt
A = 100 e
A = 100 e
.12(3.75) .12(3.75)
A = $156.83
A = $156.83
Example
Radioactive Decay
The equation for the amount of
a radioactive element left after
time t is:
0
kt
y y e
=
This allows the decay constant, k,
to be positive.
The half-life is the time required for half the material to decay.
Half-life
0 0
1
2
kt
y y e
=
( )
1
ln ln
2
kt
e
| |
=
|
\ .
ln1 ln2 kt =
0
ln2 kt =
ln2
t
k
=
Half-life:
ln2
half-life
k
=
Model: Carbon Dating
The radioactive element
C-14 (carbon-14) has a
half-life of 5750 years.
The percentage of C-14
present in the remains of
plants or animals can be
used to determine their
age.
How old is a human
bone that has lost 25%
of its C-14?
In the carbon dating problem we are not given the
initial value, only that the half-life is 5750 years.
Exponential model has the form
Use half-life to find k.
Model: Carbon Dating
t k
e y t f
=
0
) (
5750
) 0 ( ) 0 (
2
1
=
k
e f f
5750
2
1
=
k
e
Model: Carbon Dating
Use half-life to find k :
5750
2
1
=
k
e
0
( ) ( ) 5750 2 ln 1 ln = k
( ) 5750 2 ln =k
( )
k = = 0.00012
5750
2 ln
( )
5750
ln
2
1
ln
=
|
.
|
\
|
k
e
Exponential model:
25% C-14 lost; 75% remains.
Thus
t
e y t f
=
00012 . 0
0
) (
t
e f f
=
00012 . 0
) 0 ( ) 0 ( 75 . 0
Model: Carbon Dating
( )
5 . 2397
12
28770
00012 . 0
0.2877
00012 . 0
75 . 0 ln
~ ~
= t
t
e
=
00012 . 0
75 . 0
The bone is roughly
2,397 years old.
Solve the related equation graphically
t
e
=
00012 . 0
75 . 0
75 . 0
00012 . 0
=
t
e y
Model: Carbon Dating
Newtons Law of Cooling
Espresso left in a cup will cool to the temperature of the
surrounding air. The rate of cooling is proportional to the
difference in temperature between the liquid and the air.
(It is assumed that the air temperature is constant.)
If we solve the differential equation:
| |
s
dT
k T T
dt
=
we get:
Newtons Law of Cooling
| |
0
kt
s s
T T T T e
=
where is the temperature
of the surrounding medium,
which is a constant.
s
T
Algor
Algor
Mortis
Mortis:
The cooling rate of the body after death.
Body cools by
Body cools by
Radiation
Radiation
(the higher the body temperature, the more heat lost)
(the higher the body temperature, the more heat lost)
Conduction depends on surface contact
Conduction depends on surface contact
faster if in water because enhanced contact
faster if in water because enhanced contact
Convection
Convection
Wind cools faster
Wind cools faster
Rate of cooling of body after death
Rate of cooling of body after death
1.5
1.5
F per hour under
F per hour under
normal conditions
normal conditions
No real
No real
-
-
world conditions are
world conditions are
normal
normal
Algor
Algor
Mortis
Mortis
Ambient temperature
Newtons Law of Cooling
T
T is body temperature,
t
t is time
The bigger the temperature difference, the faster
the cooling rate
Outdoors, temperature varies a lotmust
correct formula by varying
T
T
ambient ambient
| |
t k
e T T T T
ambient ambient
=
0
If the surrounding / ambient temperature is
constant, Newtons Law of Cooling is easy to
solve
Measure temperature at two different times
without moving the body to find k
0
( ) ( )
kt
ambient ambient
T t T T T e
= +
Algor
Algor
Mortis
Mortis
Example
Example
Suppose the temperature
of a homicide victim is
85 when it is discovered
and the ambient
temperature is 68.
If, after two hours, the
corpses temperature is
74, determine the time of
death. (Assume constant
ambient temperature.)
Example
Example
( ) | |
t k
e T T T t T
ambient ambient
+ =
0
; 68 ; 74 ; 85 ; 6 . 98
2 1 0
= = = =
ambient
T T T T
; 6 . 30 68 6 . 98
0
= =
ambient
T T
| |
+ =
kt
e 6 . 30 68 85
| |
( )
+
+ =
2
6 . 30 68 74
t k
e
| |
( ) 2
6 . 30 6
+
=
t k
e
| |
t k
e
= 6 . 30 17
Example
Example
( ) t k t k
e
+
=
2
6
17
k
e
2
6
17
=
0.5207
6
17
ln
2
1
6
17
ln 2 =
|
.
|
\
|
=
|
.
|
\
|
= k k
| |
t k
e
= 6 . 30 17
| |
( ) 2
6 . 30 6
+
=
t k
e
Example
Example
t
0.5207
6
17
ln
2
1
6
17
ln 2 =
|
.
|
\
|
=
|
.
|
\
|
= k k
Recall:
| |
=
t k
e 6 . 30 17
t 5207 . 0
6 . 30
17
ln =
|
.
|
\
|
hrs t 13 . 1 = prior to discovery