Precalculus
Functions as Models

Overview

This topic explores how various types of functions can be used to model real-world situations. You'll learn how to translate between verbal descriptions, algebraic equations, graphs, and tables to analyze patterns and solve applied problems.

Key Concepts and Applications

Step-by-Step Example

Problem: A car depreciates in value by 15% per year. If its initial value is $20,000, write a model and find its value after 3 years.

Step 1: Recognize it’s exponential decay:
V(t) = 20000(0.85)^t

Step 2: Substitute t = 3 into the equation:
V(3) = 20000(0.85)^3 ≈ 20000(0.614125) ≈ 12282.50

Answer: Approximately $12,282.50 after 3 years

Quick Tip

When modeling word problems, identify the type of function by looking for keywords: constant change (linear), percent change (exponential), maximum/minimum (quadratic), etc.