QQM 1023 Managerial Mathematics

5.1 INTRODUCTION TO EXPONENTIAL FUNCTION

An exponential function involves a constant (base) raised to the power of a variable (exponent) x, t etc.

DEFINITION 5.1.1(a): Exponential function with base a

The function

is defined by

y = f (x) = a x
a > 0 , a 1 and the exponent x exponential function with base a.
where is any real number

DEFINITION 5.1.1(b): Exponential function with base e (2.71828...)

The function

is defined by

y = f (x ) = e x
e 2.71828... , and the exponent x is any real numbers exponential function with base e. or natural
where exponential function.

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Example 1
Determine whether the given functions are an exponential function or not. If it is, then determine the base for each function.

a) y

= 2x

b) e)

g (t ) = 3t

c) f)

y = t 3 t
h( x ) = (0.5)
1.2 x

x/3 d) y = (11)
g)

y = e 0.05 x

g ( x) = 2.7186 x

5.2

SKETCHING AN EXPONENTIAL GRAPH.

Let say

y = a x and a 1 for < x < . Therefore the graph for

can be sketch by replacing several values for x.

y = ax
a) If

a = 2 . Then the exponential function would be y = 2 x

Build a table with several values of x, and find the corresponding values for y:

-2

-1

y = 2x
Based on the table, we got several points that resides on the graph. Therefore, we just plot all the points and draw a curve that connects all those points.

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4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 -3 -2 -1 0 1 2 3

b)

Now let say

a=

1 . The exponential function would be 2

1 y= 2

Try to sketch the graph for this function. i. Build a table:

-2
x

-1

1 y= 2

ii. Based on the table, plot all of the points and draw a curve:

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4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 -3 -2 -1 0 1 2 3

c)

If the exponential function has the base

Build a table:

e. Where y = l x ,
1 2

-2

-1

y = ex
Therefore the graph would be:
8 7 6 5 4 3 2 1 0 -3 -2 -1 0 1 2 3

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d)

For the exponential function

y = l x
0 1 2

-2

-1

y = e x
And the graph would be:
8 7 6 5 4 3 2 1 0 -3 -2 -1 0 1 2 3

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5.3 PROPERTIES OF EXPONENTIAL FUNCTION

If

and

b is any positive real numbers and x, y

is any rational

number, therefore;

Property 1: a

x y

a =a

x+ y

Property 2:

ax ay

= a x y

Example 2:

Simplify a)

Example 3:
7 3x 5 7
3

Simplify

a)

32x . 34

=
=

b) 5-x . 5x =

b) 3

2x+2 x-1
2

2 c) 5

3p

2 = 5

c)

3k = 39

Property 3:

(a x )y = a xy
Simplify

Property 4:

(ab )x = a xb x
Simplify

Example 4:
a)

Example 5:
a) b)

(5 )
(

3x 3

=
=

((4)(5))t

=
=

2 x +3 b) 2

((7 )(3))
x

Property 5:

x ax a = x b b
Simplify

Property 6:

a x =

1 ax

Example 6 :
3 a) 2
5 t

Example 7:
a) 5
- (x+1)

Simplify

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Property 7:

ax / y = ax
Simplify

Property 8:

a0 = 1
Simplify

Example 8: a) 9 3/2 = b) 6.5 = c) 12 -2/3 =

Example 9: a) -20 = b) 23450 =

c) e 0 =

Property 9:

a1 = a

Example 10:
a) 161 = b) 2.7181 =

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5.4 EXPONENTIAL FUCTION vs LOGARITHMIC FUNCTION

The exponential function describe a value that is obtained by raising a constant to the power of a variable/unknown. For example:

y = 2x, y = 23 = 8

When the input x = 3 , therefore the output

Here, the variable y is a dependant variable (output), meanwhile x is an independant variable(input). Alternatively, the above equation can be switch by making x as the dependant variable (output) and y as the independant variable (input). This equation is known as the logarithmic function. Therefore, the above equation; equation;

y = 2x

can be change into a logartihmic

x = log 2 y y=8
therefore, output

Here, if the input

x = log 2 8 (2 to the power

of what (x) equal to 8) --> therefore; x CONCLUSION: EXPONENT

= 3
LOGARITHMIC

y=a
Example 11:
a) 49 = 72 c) y = 7x e) 42a = b

Can be written as

where a > 0 and a 1

x = log a y
where a > 0 and a 1

Rewrite the following equations in a logarithmic form.

b) 25 = 32 d) 0.5 -3q = p

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Example 12:
a) 1 = log 27 3 3

Rewrite the following equations in an exponential form.

b) log 2 32 = 5

b) log a 4 = b

d) log 4 64 = p

5.5 INTRODUCTION TO LOGARITHMIC FUNCTION

The logarithmic function with base a, where a>0 and a 1is denoted by loga and defined by;

x = log a y
If and only if For example: i) ii)

ax = y.

y = log 2 x (if a = 2)

y = log 5 x (if a = 5)

DEFINITION 5.2.1(a): Logarithmic Function with base 10

Logarithms to the base 10 are called common logarithms . The subscript 10 is usually omitted from the notation. For example: i) ii)

y = log10 x can be written as y = log x .

However,

y = log3 x

cannot be written as

y = log x
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DEFINITION 5.2.1(b):
Logarithms to the base

Logarithmic Function with base e

e. are called natural logarithms. We use notation

y = log e x

ln for such logarithms. For example: i)

y = ln x

means

5.6 SKETCHING A LOGARITHMIC GRAPH Let say a logarithmic function for this function can be sketch by: Form a table:

y = log x and x 0 . Therefire the graph

0.5 -0.3010

2 0.3010

4 0.6021

6 0.7781

8 0.9031

10 1

y = log x

Sketch the graph:

1.2 1 0.8 0.6 0.4 0.2 0 -0.2 -0.4 0 2 4 6 8 10 12

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Example 13:
Fill in the blanks and then sketch the graph for y = ln (4x+1) x ln (4x + 1) 0.5 1 2 3 4

5.7 PROPERTIES OF LOGARITHMIC FUNCTION

PROPERTY 1:

logb (MN ) = logb M + logb N

Example 14: a) log 10 (xy) = b) log 5 (ab2) = c) log e (2j) =

PROPERTY 2 :

M logb = logb M logb N N

Example 15: a) log 10 (a/b)=

b)

log1/ 2

5 = x

c)

2x +1 ln 3 =
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PROPERTY 3 :

logb M r = r logb M

Example 16: a) log 2 4t = b) ln p

q 1

PROPERTY 4 :

1 logb M

= logb M

Example 17:
a)

1 log10 = 2.5
1 ln =

b)

PROPERTY 5 :

logb 1 = logb b0 = 0

( )

Example 18:
a) b) c)

log 3 1 =

ln1 =
log 1 =

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PROPERTY 6:

logb b = 1

Example 19:
a)

log 3 9 =
log 0.5 1 = 2

b) c)

ln e =
logb b r = r
2

PROPERTY 7:

Example 20:
a) b)

log 3 9 =

ln e

PROPERTY 8 :

blogb M = M

Example 21:
a) b)

7 log7 x =

e ln( 2 x 1) =

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PROPERTY 9 :

log b M =

log M ln M atau ln b log b

Example 22:
a) b)

log 3 45 =

log e =

5.8 Solving an exponential equation

Steps: 1. Rewrite the exponential equation in a form of logarithmic equation. (or simply put log on both side of the equation) 2. Used the logarithmic properties to solve the equation.

3.

Example 23
a)

Solve the following expopnential equations:

2x = 8 3 x = 27

b)

c)

25 x = 5

d)

163 x = 2

e)

94 x = 3

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Example 24:
a)

Solve the following equation to find the value of x;

36 x = 2(32x )
4 16 x = (52x ) 5

b)

c)

43 x = 8 x

d)

49 x = 7 x +1

Example 25:
a)

x2

94x = 0

b)

2 x 82 4 x = 0
2

c)

x2

25 x 2 = 0

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5.9

Solving a logarithmic equation

Steps: 1. Rewrite the logarithmic equation in a form of exponential equation. 2. Solve the equation using the exponential properties.

Example 26:
Find the value for

a)

x log3 x = 3

that satisfy the following equations:

b)

ln l3 = x
l4 x = 2

c)

d)

log 4 x = 3

e)

lln 2 x = 5

f)

log(3 x 1) log( x 3) = 2

g)

log 2 (2 x 3) = 2 log 2 (x + 1)

h)

ln x 4 + ln x = 24 ln l
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5.10 APPLICATIONS OF EXPONENTIAL AND LOGARITHMIC FUNCTION

5.5.1 FINANCE

Assume that we invest sum amount of money RM P, for t years. The investment earned r% of interest which is compounded m times a year. Therefore, the total amount of the investment (S) after t years can be calculate using the formula:

r S = P1 + m
Where;

mt

S=
P= r= m= t=

Value of the investment after t years (together with the interest) Compound amount. Initial amount that was invested Principal amount interest rate number of conversion investment period (number of years)

For m (number of conversion): Annually = once a year Quarterly = 4 times a year Monthly = 12 times a year m=1 m=2 m=4 m = 12 Semiannually = twice a year

Meanwhile, the amount of interest received (compound interset, Im) is obtain by:

Im = S P
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Example 27:
Find the value of an investment, S and the compound interest earned, Im for the principal investment amount of RM 1000 with 6% of interest a year : a) For investment period of 10 years and the interest is compounded semi-annually.

b) For investment period of 10 years and the interest is compounded quarterly.

Example 28:
Suppose RM 5000 is invested at the rate of 9% compounded annually. Find the value of the investment after 5 years.

Example 29:
Based on your answer in example 19, what is the value of the investment if the interest is compounded three times a year .

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a) Population Growth: Suppose that the population of a town at a certain period of time is P0 and it is increasing at the rate of r% per year. Therefore the population of the town after t years is given by:

P = Poert
Where P = Amount of Population after t years Po = Initial population r = rate of population growth t = period of times

Example 30:
The projected population

P(t ) for a small town is given by:

P(t ) = 100000e0.05t
with i)

is the number of year/s after 1980. What is the value for t if the population is predicted for the year 2002

ii)

Using your answer in (i), predict the population for 2002.

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Example 31:
The population for Smallville at the year 1995 are 100 000. After 10 years, the population has grown to 150 000. What is the rate of the population growth for Smallville?

Example 32:

(Radioactive Decay)

A radiioactive element decays such that after t days the number of

N = 100e 0.062t . miligrams present is given by:

i) How many miligrams are initially present?

ii)

How many miligrams are present after 10 days?

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