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AP Precalculus -2.3 Exponential Functions- FRQ Exam Style Questions - Effective Fall 2023

AP Precalculus -2.3 Exponential Functions- FRQ Exam Style Questions – Effective Fall 2023

AP Precalculus -2.3 Exponential Functions- FRQ Exam Style Questions – AP Precalculus- per latest AP Precalculus Syllabus.

AP Precalculus – FRQ Exam Style Questions- All Topics

Question 

A student won $500$ in an art contest. At first, the student kept the money in a desk. After $10$ months, the student deposited the money in a savings account that earned interest. Six months after depositing the money ($t = 6$), the amount in the account is $508.67$. Twelve months after depositing the money ($t = 12$), the amount in the account is $517.50$.
The amount of money the student has can be modeled by the piecewise function $M$ given by: $$M(t) = \begin{cases} 500 & \text{for } -10 \le t < 0 \\ ab^{(t/12)} & \text{for } t \ge 0 \end{cases}$$ where $M(t)$ is the amount, in dollars, at time $t$ months since the $500$ was deposited into the savings account. A negative value for $t$ represents the number of months before the student deposited the $500$ into the savings account.

Part A

(i) Use the given data to write two equations that can be used to find the values for constants $a$ and $b$ in the expression for $M(t)$.
(ii) Find the values for $a$ and $b$ as decimal approximations.

Part B

(i) Use the given data to find the average rate of change of the amount of money the student has, in dollars per month, from $t = -2$ to $t = 12$ months. Express your answer as a decimal approximation. Show the computations that lead to your answer.
(ii) Use $M(12)$ and the average rate of change found in (i) to estimate the amount of money, in dollars, the student has when $t = 20$ months. Show the work that leads to your answer.
(iii) Let $A(t)$ be the estimate of the amount of money, in dollars, the student has at time $t$ months using the average rate of change found in (i). If $A(t)$ is used to estimate values for $M(t)$ for $t > 12$, the error in the estimates will increase as $t$ increases. Explain why this is true.

Part C

The student plans to close the account when the amount of money in the account reaches $565$. Explain how this information can be used to determine the domain limitations for the model $M$.
▶️ Answer/Explanation
Detailed solution

Part A

(i)
Using the data $M(6) = 508.67$ and $M(12) = 517.50$:
$ab^{(6/12)} = 508.67$ (or $ab^{0.5} = 508.67$)
$ab^{(12/12)} = 517.50$ (or $ab = 517.50$)

(ii)
Divide the second equation by the first: $\frac{ab}{ab^{0.5}} = \frac{517.50}{508.67}$
$b^{0.5} \approx 1.017359…$
$b \approx (1.017359…)^2 \approx 1.035019…$
Using $ab = 517.50 \implies a = \frac{517.50}{1.035019…} \approx 500$
Final values: $a \approx 500.00$ and $b \approx 1.035$

Part B

(i)
$t = -2$ falls in the interval $-10 \le t < 0$, so $M(-2) = 500$.
$t = 12$ is given as $M(12) = 517.50$.
Average Rate of Change $= \frac{M(12) – M(-2)}{12 – (-2)}$
$= \frac{517.50 – 500}{12 + 2}$
$= \frac{17.50}{14} = 1.25$ dollars per month.

(ii)
The linear estimate $A(t)$ uses the point $(12, 517.50)$ and slope $1.25$.
$A(20) = M(12) + 1.25(20 – 12)$
$A(20) = 517.50 + 1.25(8)$
$A(20) = 517.50 + 10 = 527.50$ dollars.

(iii)
The model $M(t)$ for $t \ge 0$ is an exponential function ($b > 1$), which is concave up.
The estimate $A(t)$ is a linear function (a secant line).
Since $M(t)$ is increasing at an increasing rate (exponential growth), the linear model will fall further behind the actual values as $t$ increases.

Part C

The model is only valid as long as the account is open.
Setting $M(t) = 565$ allows us to solve for the maximum value of $t$.
$500(1.035)^{(t/12)} = 565$
This value of $t$ serves as the upper bound (maximum) for the domain of the model $M$.

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