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24 <strong>Chapter</strong> 1 Prerequisites for Calculus<br />

SOLUTION<br />

Based on the third column of Table 1.7, we might be willing to conjecture that the population<br />

of the United States in any year is about 1.01 times the population in the previous<br />

year.<br />

If we start with the population in 1998, then according to the model the population<br />

(in millions) in 2010 would be about<br />

276.1(1.01) 12 311.1,<br />

or about 311.1 million people. Now try Exercise 19.<br />

Exponential Decay<br />

Exponential functions can also model phenomena that produce a decrease over time, such<br />

as happens with radioactive decay. The half-life of a radioactive substance is the amount<br />

of time it takes for half of the substance to change from its original radioactive state to a<br />

nonradioactive state by emitting energy in the form of radiation.<br />

(<br />

1 t/20<br />

y = 5 , y = 1<br />

2<br />

(<br />

Intersection<br />

X=46.438562 Y=1<br />

[0, 80] by [–3, 5]<br />

Figure 1.25 (Example 4)<br />

Table 1.8<br />

U.S. Population<br />

Year Population (millions)<br />

1880 50.2<br />

1890 63.0<br />

1900 76.2<br />

1910 92.2<br />

1920 106.0<br />

1930 123.2<br />

1940 132.1<br />

1950 151.3<br />

1960 179.3<br />

1970 203.3<br />

1980 226.5<br />

1990 248.7<br />

Source: The Statistical Abstract of the United<br />

States, 2004–2005.<br />

EXAMPLE 4<br />

Modeling Radioactive Decay<br />

Suppose the half-life of a certain radioactive substance is 20 days and that there are<br />

5 grams present initially. When will there be only 1 gram of the substance remaining?<br />

SOLUTION<br />

Model The number of grams remaining after 20 days is<br />

5 ( 1 2 ) 5 2 .<br />

The number of grams remaining after 40 days is<br />

2<br />

5 ( 1 2 )( 1 2 ) ( 5 1 2 ) 5 4 .<br />

The function y 5(12) t20 models the mass in grams of the radioactive substance after<br />

t days.<br />

Solve Graphically Figure 1.25 shows that the graphs of y 1 5(12) t20 and<br />

y 2 1 (for 1 gram) intersect when t is approximately 46.44.<br />

Interpret There will be 1 gram of the radioactive substance left after approximately<br />

46.44 days, or about 46 days 10.5 hours. Now try Exercise 23.<br />

Compound interest investments, population growth, and radioactive decay are all<br />

examples of exponential growth and decay.<br />

DEFINITIONS<br />

Exponential Growth, Exponential Decay<br />

The function y k • a x , k 0 is a model for exponential growth if a 1, and a<br />

model for exponential decay if 0 a 1.<br />

Applications<br />

Most graphers have the exponential growth and decay model y k • a x built in as an exponential<br />

regression equation. We use this feature in Example 5 to analyze the U.S. population<br />

from the data in Table 1.8.

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