B is greater than 1:
Exponential growth
B is less than 1:
Exponential decay
Asymptote:
The graph approaches a number but will never reach it
Exponential growth:
Y= a(1+r)^t
Exponential decay:
Y=a(1-r)^t
Y= a(1-/+ r) t
T:
A:
R:
Y:
Time
Initial amount
Rate
Final amount
Compound interest:
Formula:
Initial amount=
Time =
Rate=
Number of times compounded
Y= p(1+ r/n)^nt
Initial amount=p
Time= t
Rate=r
N= number of times compounded
Compounded:
- conpounded a______= _ time a year
Compounded se_______= _ times a year
- compounded q______= ___ times a year
- compounded mo_____= ___ times a year
Annually: 1
Semianually: 2
Quarterly: 4
Monthly: 12
Inverse of functions:
1. Y—> __
2. Make x or y f^____
X
F^1(x)
Exponential inverse:
A^b=c
Logarithm inverse:
Log under a c = b
Properties of logarithms:
1. Log under a (uv)=
2. Log under a (u/v) =
3. Log under a (u^n) =
Graphing logarithms:
Domain:
Range:
Domain: X</> opposite sign of number inside parenthesis or 0 if nothing inside parenthesis
Range: all real numbers
No base in logarithms=
Exponent of 10
Condensing logarithms:
Adding log:
Subtracting log:
Log a (yz)
Log a (x/y)
No base in log. =
10 base
Condensing addition logarithms =
Log a (yz)
Multiplication answer
Condensed subtracting log =
Log a (x/y)
Division
When condensing remember to move number in front of log to be the ______ of the base
Exponent
Change of base:
Log a b = logb / loga
Exponential graph:
Domain:
Range:
All real numbers
Y</> 0
No compounded annually or anything in problem (no n) :
A(1-r)^t
Annual percentage yield formula:
Apy= (1+r/n)^n
Subtract by 1 and multiply by 100 to get percentage answer
Continuously compounding:
Y= Pe^rt
E= 2.718