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8.5 Exponential Growth Function.
8.5 Exponential Growth Function.
5 EXPONENTIAL
GROWTH FUNCTIONS
OBJECTIVE:
To write and use models for exponential growth.
8.5 Exponential Growth Functions.
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When a quantity is affected by a power we say it is growing exponentially. In some
cases, the quantities are also affected by percents of increase. When he have this
combination of percents and powers, we have an exponential growth.
Where “C” is known as the initial amount, “t” is the time period for the growth,
“r” is the growth rate (usually expressed as a percent) and “1+r” is known as the
growth factor.
8.5 Exponential Growth Functions.
Guided Practice #1: apply the exponential growth model to the following
situations.
1. You deposit $1000 in an account that pays 8% anual interest compounded
yearly. What is the account balance after 8 years? After 12 years?
8.5 Exponential Growth Functions.
3. A newly hatched Channel catfish typically weighs about 0.3 grams. During the
first weeks of life, its growth is approximately exponential, increasing by about
10% each day. Find the weight of the catfish after the 6 weeks.
HOMEWORK:
Exercises 6 to 16
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