Problem 44
Question
Suppose that a quantity \(y\) has an exponential growth model \(y=y_{0} e^{k t}\) or an exponential decay model \(y=y_{0} e^{-k t}\), and it is known that \(y=y_{1}\) if \(t=t_{1}\). In each case find a formula for \(k\) in terms of \(y_{0}, y_{1},\) and \(t_{1},\) assuming that \(t_{1} \neq 0\).
Step-by-Step Solution
Verified Answer
The formula for \(k\) is \( k = \frac{1}{t_1} \ln\left(\frac{y_1}{y_0}\right) \).
1Step 1: Determine the model (Growth or Decay)
We need to establish whether the model is exponential growth or decay. The formulas are \(y = y_0 e^{kt}\) for growth and \(y = y_0 e^{-kt}\) for decay. However, the process of finding \(k\) will be identical because we are simply solving for \(k\) regardless of the sign of the exponent. For now, we will proceed with the general form: \(y = y_0 e^{kt}\).
2Step 2: Substitute known values
We are given that when \(t = t_1\), \(y = y_1\). Plug these values into the general exponential equation: \[ y_1 = y_0 e^{kt_1} \]
3Step 3: Isolate the exponential term
Divide both sides of the equation by \(y_0\) to remove \(y_0\) from the right-hand side: \[ \frac{y_1}{y_0} = e^{kt_1} \]
4Step 4: Solve for \(k\)
Take the natural logarithm on both sides to solve for \(k\). This gives:\[ \ln\left( \frac{y_1}{y_0} \right) = kt_1 \]Finally, solve for \(k\) by dividing both sides by \(t_1\):\[ k = \frac{1}{t_1} \ln\left( \frac{y_1}{y_0} \right) \]
5Step 5: Identify application to decay
The formula derived can be used universally for both growth and decay by considering the sign of \(k\). If \(k\) is positive, it represents growth, and if negative, it represents decay. In an exponential decay case, if you proceed with \(e^{-kt}\), the derivation still holds with \(k\) as calculated, representing a decay rate.
Key Concepts
Exponential FunctionNatural LogarithmCalculus
Exponential Function
An exponential function is a mathematical expression in which a variable appears in the exponent. It is written in the form \( y = y_0 e^{kt} \), where:
- \( y \) is the quantity being measured.
- \( y_0 \) is the initial amount or starting value of the quantity.
- \( e \) is the base of the natural logarithm, approximately equal to 2.718.
- \( k \) is a constant that represents the growth or decay rate.
- \( t \) represents time or any other independent variable.
Natural Logarithm
The natural logarithm, denoted as \( \ln(x) \), is the logarithm to the base \( e \), where \( e \approx 2.718 \). It is used to decipher the time required for a given quantity to reach a certain size in exponential models. For the equation \( y = y_0 e^{kt} \), taking the natural logarithm of both sides helps isolate the exponent for easier manipulation:\[ \ln(y) = \ln(y_0) + kt \]Natural logarithms serve as an inverse to the exponential function, making them indispensable for solving equations where the variable is an exponent. This property is critical when determining the constant \( k \) in exponential growth or decay because it allows us to bring the exponential factor down to an algebraic one, enabling straightforward calculations and deeper insights into the rate of change.
Calculus
Calculus, a branch of mathematics focused on change, emphasizes derivatives and integrals. It equips students with tools to explore dynamic systems described by exponential functions. When solving for \( k \) in exponential growth or decay, calculus techniques like taking derivatives can be applicable depending on the complexity of the real-world problem.Calculus can help determine rates of change (like \( k \)) and how a quantity changes at any given point in time. By understanding derivatives, one can predict an increasing or decreasing trend, which can then inform long-term planning and decision-making in fields like biology, finance, and physics. Moreover, integral calculus can be used to calculate total accumulation over time, such as total population growth or decay, by evaluating these functions over specific intervals. Mastery of calculus provides a solid foundation for tackling complex calculations involving exponential functions.
Other exercises in this chapter
Problem 39
(a) There is a trick, called the Rule of \(70,\) that can be used to get a quick estimate of the doubling time or half-life of an exponential model. According t
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Find a formula for the tripling time of an exponential growth model.
View solution Problem 45
(a) Show that if a quantity \(y=y(t)\) has an exponential model, and if \(y\left(t_{1}\right)=y_{1}\) and \(y\left(t_{2}\right)=y_{2},\) then the doubling time
View solution Problem 46
Suppose that \(P\) dollars is invested at an annual interest rate of \(r \times 100 \%\). If the accumulated interest is credited to the account at the end of t
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