Originator: Nicole B
Outcome C2: model real-world phenomena using exponential functions
To find a equation out of a word problem you use y=ab^x/c+d
a= starting x value (normally starting price)
b= common ratio between term 2 and term 1 (term2/term1)
c= the amount it takes to get from term 1 to term 2 (term 2- term1)
d= horizontal asomtote
Sample Question:
Round all final answers to 2 decimal places and write answers using a word equation.
In 1990 Tony baught a Calgary Flames jersey for $40.47. In 1995 the same jersey sold for $50.58.
a) Write an equation for the jersey.
Y= 40.47(1.249)^x/5
b) How much money would the jersey cost in 2007?
Y=40.47(1.249)^17/5
Y=40.47(2.12)
Y= $86.19
In 2007 the jersey would cost $86.19!
c) What year would it be when the jersey costs $146.96?
146.96=40.47(1.249)^x/5
146.96/40.47=(1.249)^x/5
3.63=1.249^x/5
log(1.249)3.63=x/5
(log3.63/log1.249)x5=X
1990+29=2019
In the year 2019 the jersey would cost $146.96.
Comments (1)
Anonymous said
at 9:15 pm on Apr 29, 2007
Nice job Nicole, but be careful about your order of operations. All your exponents should have brackets. For example y=30(1.2)^x/5 is not the same as y=30(1.2)^(x/5).... the later is the one you want.
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