Use the compound interest formulas A = P (1+ r/n)nt and A =Pert to solve exercises 53-56. Round answers to the nearest cent. Find the accumulated value of an investment of \$10,000 for 5 years at an interest rate of 1.32% if the money is b. compounded quarterly
Table of contents
- 0. Review of Algebra4h 18m
- 1. Equations & Inequalities3h 18m
- 2. Graphs of Equations1h 43m
- 3. Functions2h 17m
- 4. Polynomial Functions1h 44m
- 5. Rational Functions1h 23m
- 6. Exponential & Logarithmic Functions2h 28m
- 7. Systems of Equations & Matrices4h 5m
- 8. Conic Sections2h 23m
- 9. Sequences, Series, & Induction1h 22m
- 10. Combinatorics & Probability1h 45m
6. Exponential & Logarithmic Functions
Introduction to Exponential Functions
Problem 55
Textbook Question
Graph each function. Give the domain and range. ƒ(x) = (1/3)-x+1
Verified step by step guidance1
Identify the given function: \(f(x) = \left(\frac{1}{3}\right)^{-x+1}\). Recognize that this is an exponential function with base \(\frac{1}{3}\) and an exponent of \(-x + 1\).
Rewrite the exponent to better understand the function's behavior: \(-x + 1\) can be written as \$1 - x\(. So, \)f(x) = \left(\frac{1}{3}\right)^{1 - x}$.
Recall that \(\left(\frac{1}{3}\right)^{1 - x} = \left(\frac{1}{3}\right)^1 \cdot \left(\frac{1}{3}\right)^{-x} = \frac{1}{3} \cdot 3^x\), since \(\left(\frac{1}{3}\right)^{-x} = 3^x\). This helps to see the function as \(f(x) = \frac{1}{3} \cdot 3^x\).
Determine the domain: Since the function is exponential, the domain is all real numbers, so \(\text{Domain} = (-\infty, \infty)\).
Determine the range: Exponential functions with positive bases and real exponents produce positive outputs. Since \$3^x > 0\( for all \)x\(, and multiplying by \)\frac{1}{3}\( keeps it positive, the range is \)\text{Range} = (0, \infty)$.
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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Exponential Functions
An exponential function has the form f(x) = a^x, where the base a is a positive real number not equal to 1. In this problem, the function involves a base of 1/3 raised to a linear expression in x. Understanding how the exponent affects the function's growth or decay is essential for graphing.
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Domain and Range of Exponential Functions
The domain of an exponential function is all real numbers since any real number can be substituted for x. The range depends on the base and transformations; for positive bases, the range is typically all positive real numbers. Identifying these sets helps describe the function's behavior fully.
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Transformations of Functions
Transformations such as shifts, reflections, and stretches affect the graph of a function. Here, the exponent is (-x + 1), which includes a reflection across the y-axis and a horizontal shift. Recognizing these changes helps accurately sketch the graph and understand its shape.
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