Exponential decay functions will have similar characteristics as the exponential growth functions from the previous lesson. But instead of increasing over the domain, an exponential decay function will decrease over its domain because we are repeatedly multiplying by a number less than one. We will continue using properties of exponents that were covered in  1.04 Rational exponents to manipulate expressions with exponents.
Exponential functions can be classified as exponential decay based on the value of the constant factor.
Exponential functions can be thought of in terms of their percent change:
Notice that the base of the exponent is (1-r). This is the constant factor, but more specifically, it is the decay factor because it is less than 1.
When we are given the decay factor, we can use it to solve for the decay rate.
To solve for the decay rate, we need to add r to both sides and subtract b from both sides. In general, r=1-b.
Sometimes we need to find the key characterstics of an expression that isn't presented in the form ab^x. In which case, we can use properties of exponents to rewrite the expression in a form we recognize.
Consider the following exponential functions:
Function 1: A ball is dropped from a ledge. The height of the ball rebounds to 80\% of its previous height after each bounce.
Function 4: f(x)=\dfrac{1}{7}(1.08)^x
Function 5:
x | 0 | 1 | 2 | 3 |
---|---|---|---|---|
y | 10 | 9.6 | 9.216 | 8.847\,36 |
An exponential decay function will have a constant factor than is less than 1, which will cause the y-values to decrease over time.
We can use the key features of an exponential function to build its equation. First, we find the y-intercept, then find the decay factor or decay rate. The specific form of the equation we use will depend on whether we want to highlight the decay factor or the decay rate.
Identify the y-intercept and the decay rate for each of the following exponential functions:
f(x)=\dfrac{2}{3}\left(0.625\right)^x
f(x)=4^{-x}
Consider the exponential function f\left(x\right)=5(1-0.03)^x.
Classify the function as either exponential growth or exponential decay.
Identify both the y-intercept and the rate of growth or decay.
Write an equation of the form y=ab^x that models the function shown in the graph.
Write an equation that models the exponential function shown in the table.
x | -2 | -1 | 0 | 1 | 2 | 3 |
---|---|---|---|---|---|---|
f(x) | 7.8125 | 6.25 | 5 | 4 | 3.2 | 2.56 |
Raya purchased a car for \$21\,500, and it is expected to depreciate by 18\% per year.
Write a function, y, to represent the value of the car after t years.
Evaluate the function for t=3 and interpret the meaning in context.
Find the equation of the exponential decay function passing through the points \left(-1, \dfrac{8}{3}\right) and \left(2,\dfrac{9}{64}\right).
If we know the decay factor, we can use the formula r=1-b to solve for the decay rate.
If you know the decay factor, use the form y=ab^x to write the equation.
If you know the decay rate, use the form y=a(1-r)^x to write the equation.
The y-intercept is also known as the initial value, a, in some cases.