Ch 7 Flashcards
(38 cards)
Exponential Functional Form
Y=ab to the power of x
b in Exponential Functional Form
Growth or decay
a in Exponential Functional Form
Y intercept at (0,a)
Y intercept in Exponential Functional Form
at (0,a)
in Exponential Functional Form if b>1
growth
in Exponential Functional Form if 0< b<1
decay
the sign of the value of a determines the direction of the graph,if a>0
goes upward
the sign of the value of a determines the direction of the graph, if a<0
goes downward
in modelling exponential functions, growth formula
y=a(1+r)to the power of x
in modelling exponential functions, decay formula
y=a(1-r) to the power of x
in modelling exponential functions, a
initial amount before measuring growth/decay
in modelling exponential functions, r
growth/decay rate (often a percent)
in modelling exponential functions , x
number of time intervals that have passed
in modelling exponential functions, y
the final amount after measuring growth/decay
exponential growth+examples
this means that an initial amount increases at a steady rate over time examples: -population increases -growth of monetary investments
exponential decay+examples
this means that the initial amount decreases at a steady rate over a period of time
compound interest
when the bank pays interest on the principal and the interest already earned
compound interest formula

compound interest fomrula for annual
A = P(1 + r)t
compound interest formula values
P=principal amount invested
A=the new balance
t=the time in years
r=the rate (in decimal formal)
n=the number of times it is compounded
compunded interest values for n
yearly= n=1
Quarterly= n=4
monthly- n=12
daily- n=365
logarithmic function
x+log b(small)y

exponential function
y=b to the power of x
normal base in logarithmic functions (think calculator)
10

