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Here are a few recommended readings before getting started with this lesson.
During the holidays, Ignacio's family plans to visit the theme park Mondo Marino in California. While looking at the park's website to buy tickets, Ignacio found information about a brand new aquarium inside the park.
Wow! Ignacio notices that the park has a great contest. The person who solves a series of problems about the fish population in the aquarium will win an annual family fun pass. The website provides a function that models the fish population's growth. f(x)=100b^x In this function, x represents the weeks after the fish were introduced into the aquarium, and b is an unknown positive growth factor. To win the contest, these values need to be determined.
$ Be Growing,so he opens a bank account. He deposits an initial amount of $850 and plans to deposit the same quantity every month. The account earns no interest.
wild, increases by 2.5 % every year.
$ Be Growingbeing played non-stop on the local radio.
Balance Afterx Months [0.4em] B(x)=850+850x This shows that the situation can be modeled by a linear function.
New Price of the Car C-0.12C= 0.88C It can be seen that the value of the dodgeball cards will be multiplied every year by a constant factor of 0.88. Because this constant factor is less than 1, it describes a decay factor. Sorry for Marky, but the given situation represents an exponential decay. This means that this is modeled by an exponential function.
New Concentration of the Drug: [0.5em] 7/8D Similar to Part B, because this constant factor is less than 1, this situation describes an exponential decay. This means that the situation can be modeled by an exponential function.
New Population Size: [0.5em] P+0.025P=1.025P Note that the population is multiplied every year by a constant factor of 1.025. Because this constant factor is greater than 1, this is a growth factor. Therefore, this situation describes an exponential growth and is modeled by an exponential function.
Population Afterx Years [0.5em] P(x)=1150+150x It can be concluded that this situation is modeled by a linear function. Marky's music had nothing to do with the function.
Marky and his friend Tifanniqua are playing a video game in which they each have to build a city. The game gives them 15 000 v-coins for buying supplies. Since this virtual money is not enough, they must invest this initial amount. After some exploration, they have discovered two banks in the game that can help them increase their v-coins.
Considering that one year in the game is about 12 minutes in the real world, the following are the offers of each virtual bank in the game.
Bank B: B(m)=15 000(1+ 0.02512)^m
Investment Period | Bank A | Bank B |
---|---|---|
A(t)=15 000+450t | B(m)=15 000(1+ 0.02512)^m | |
1 Year (12 Months) | 15 450 | ≈15 379 |
2 Years | 15 900 | ≈15 768 |
3 Years | 16 350 | ≈16 167 |
4 Years | 16 800 | ≈16 576 |
5 Years | 17 250 | ≈16 995 |
6 Years | 17 700 | ≈17 425 |
7 Years | 18 150 | ≈17 865 |
8 Years | 18 600 | ≈18 317 |
9 Years | 19 050 | ≈18 780 |
10 Years | 19 500 | ≈19 255 |
11 Years | 19 950 | ≈19 742 |
12 Years | 20 400 | ≈20 241 |
13 Years | 20 850 | ≈20 753 |
14 Years | 21 300 | ≈21 278 |
15 Years | 21 750 | ≈21 816 |
16 Years | 22 200 | ≈22 368 |
17 Years | 22 650 | ≈22 934 |
18 Years | 23 100 | ≈23 514 |
19 Years | 23 550 | ≈24 108 |
20 Years | 24 000 | ≈24 718 |
Interpretation: Bank B generates higher income after the fourteenth year. However, for the previous years, Bank B is more profitable.
Bank A offers a simple interest of 3 % per year, meaning that the balance will increase by 3 % of the initial investment each year. Since Marky will make an initial investment of 15 000 v-coins, he will receive 3 % of this amount each year. Annual Profit 0.03* 15 000 = 450 Bank A will give 450 v-coins to Marky for each year he keeps his investment in the bank. Now, because Marky plans to keep his investment for 10 years, 450 will be multiplied by 10 to get the total profit. Total Profit 450*10= 4500 [0.5em] Final Balance 15 000+ 4500=19 500 Therefore, Marky will be able to withdraw 19 500 v-coins from the bank after ten years.
Bank B offers a compound interest of 2.5 % per year, compounded monthly, meaning that the balance increases by one-twelfth of 2.5 % of the previous balance each month. This situation represents an exponential growth. The growth factor is given by 1 plus the rate of growth in decimal form. Growth Factor 1+ 0.02512 The balance after 10 years, which is equal to 120 months, will be given by the product of the initial amount and the growth factor raised to 120^(th) power. Use a calculator to evaluate the final balance. Final Balance [0.5em] 15 000( 1+ 0.02512)^(120)≈ 19 255 Therefore, Tiffaniqua will receive about 19 255 v-coins after ten years.
It has been obtained that the balance of Marky's investment after 10 years will be 19 500 v-coins and Tiffaniqua's balance will be about 19 255. Therefore, the offer of Bank A is better for the period of 10 years.
Marky's Final Balance 15 000+9000=24 000 Now, because there are 240 months in 20 years, the growth factor will be raised to 240^(th) power and multiplied by the initial investment to obtain Tiffaniqua's final balance. Tiffaniqua's Final Balance [0.5em] 15 000(1+ 0.02512)^(240)≈24 718 It can be seen that for a 20-year period, the Tiffaniqua's profit will be greater. This now means that the better option is offered by Bank B.
Balance in Bank A AftertYears A(t)=15 000+450t In case of Bank B, B(m) will be given by the product of the growth factor 1+ 0.02512 raised to the m^(th) power and the initial investment. Balance in Bank B AftermMonths [0.4em] B(m)=15 000(1+ 0.02512)^m
Investment Period in Years | Bank A | Bank B |
---|---|---|
A(t)=15 000+450t | B(m)=15 000(1+ 0.02512)^m | |
1 | 15 450 | ≈15 379 |
2 | 15 900 | ≈15 768 |
3 | 16 350 | ≈16 167 |
4 | 16 800 | ≈16 576 |
5 | 17 250 | ≈16 995 |
6 | 17 700 | ≈17 425 |
7 | 18 150 | ≈17 865 |
8 | 18 600 | ≈18 317 |
9 | 19 050 | ≈18 780 |
10 | 19 500 | ≈19 255 |
11 | 19 950 | ≈19 742 |
12 | 20 400 | ≈20 241 |
13 | 20 850 | ≈20 753 |
14 | 21 300 | ≈21 278 |
15 | 21 750 | ≈21 816 |
16 | 22 200 | ≈22 368 |
17 | 22 650 | ≈22 934 |
18 | 23 100 | ≈23 514 |
19 | 23 550 | ≈24 108 |
20 | 24 000 | ≈24 718 |
It can be seen that Bank B generates a higher income after the fourteenth year. However, for the previous years, Bank A is more profitable. The friends have been having such a great time playing video games. In the end, all was just fake money.
Besides singing, Marky is really into fishing. A small company in town called SeaBase Fish specializes in shrimp farming. They currently only farm shrimp, but they want to expand and introduce two types of fish next year, Catfish and Tilapia. The good news for Marky is that they will allow local kids the chance to fish recreationally.
Marky has never caught either type of fish in his life. He is interested in finding information about both types and then sharing this information with his friends. Online, Marky found information from another study about the growth model of each species' population after x weeks of the initial population being introduced into the sea. cc Catfish & Tilapia [0.4em] y_C=55x+10 & y_T=4* 2^x Marky is a bit unsure of how to model the graphs. He wonders what the growth rates of the fish will actually be.
x | 55x+10 | y_C = 55x+10 | (x,y_C) |
---|---|---|---|
0 | 55( 0)+10 | 10 | ( 0, 10) |
2 | 55( 2)+10 | 120 | ( 2, 120) |
4 | 55( 4)+10 | 230 | ( 4, 230) |
6 | 55( 6)+10 | 340 | ( 6, 340) |
8 | 55( 8)+10 | 450 | ( 8, 450) |
The data plots can be plotted and connected in a coordinate plane.
Similarly, a table for Tilapia's model will be created.
x | 4* 2^x | y_T = 4* 2^x | (x,y_T) |
---|---|---|---|
0 | 4*2^0 | 4 | ( 0, 4) |
2 | 4*2^2 | 16 | ( 2, 16) |
4 | 4*2^4 | 64 | ( 4, 64) |
6 | 4*2^6 | 256 | ( 6, 256) |
8 | 4*2^8 | 1024 | ( 8, 1024) |
Now, the graph for Tilapia fish can be added by plotting and connecting the data points obtained in the second table.
It can be seen that the functions intersect at x≈ 6.5. Therefore, it is expected that after about six and a half weeks, the sizes of both populations will be approximately equal. This can be verified by evaluating each function when x= 6.5.
Catfish | Tilapia | |
---|---|---|
Growth Function | y_C = 55x + 10 | y_T = 4* 2^x |
Growth After 6 12 Weeks | y_C = 55( 6.5)+10 | y_T = 4*2^(6.5) |
Evaluate and Approximate | y_C≈ 368 | y_T≈ 362 |
It can be noted although x=6.5 is not the exact answer, population sizes are very close.
Catfish y_C= 55x+10 ⇒ m= 55 This means that the Catfish population will have a constantly increase of 55 every week. Next, the growth rate of the exponential growth is the growth factor given by the base b of the exponent. Tilapia y_T=4* 2^x ⇒ b= 2 It can be concluded that Tilapia´s population will double every week.
A possible interpretation that Marky can make from his findings is that after six-and-a-half weeks after the fish are introduced, he can focus on catching Tilapia. That interpretation can be made assuming that Marky wants to catch the fish species that has such a high population that it is easier to catch.
Ignacio's family is going to have some large expenses for a holiday trip, so Ignacio's mom asked him for a hand. She wants to post some ads on social media to reach more clients to generate sales for her a client. She represents an up-and-coming musician named Marky. There is one problem, Ignacio has no idea which social media site is the best option.
For this reason, Ignacio collected some data about how the number of users of these social media sites increases on a weekly basis.
User Growth per Week on Each Social Media (in Thousands) | ||
---|---|---|
Time (in Weeks) | Option 1 | Option 2 |
0 | 18 | 15 |
1 | 21 | 18 |
2 | 24 | 21.5 |
3 | 27 | 26 |
4 | 30 | 31 |
5 | 33 | 37.5 |
Ignacio wonders if this data can help him make the best decision. Find the following information to help him decide where they should post the ads.
Option 2: Exponential
Option 2: g(x)=15* 1.2^x
Option 2: ≈ 133 700 users
The number of users of Option 1 increases by a constant of 3 thousands every week. This data follows a linear model. Using the same process, the pattern for Option 2 will be found.
Each week, the number of users of Option 2 grows by a factor of about 1.2. That means this data follows an exponential model.
x= 0, f(x)= 18
Zero Property of Multiplication
Rearrange equation
x= 0, g(x)= 15
a^0=1
Identity Property of Multiplication
Rearrange equation
x= 12
Calculate power
Multiply
Sells are doing great. Ignacio's family can now have an even more fantastic holiday at the theme park.
The challenge presented at the beginning of the lesson can now be solved. The theme park's website provides a function that models fish population growth into the aquarium. f(x)=100* b^x In this function, x represents the weeks after the fish was introduced into the aquarium and b is an unknown positive growth factor. Since Ignacio wants to win the contest, he needs to determine this information.
x= 0
a^0=1
Identity Property of Multiplication
f(x)= 850, x= 25
.LHS /100.=.RHS /100.
Calculate quotient
LHS^(125)=RHS^(125)
(a^m)^n=a^(m* n)
25 * a/25= a
a^1=a
Rearrange equation
Use a calculator
Round to 2 decimal place(s)
x= x+1
Commutative Property of Addition
a^(1+m)=a*a^m
Commutative Property of Multiplication