Exponential Growth and Decay Word Problems

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What is exponential growth?

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What is exponential decay?

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'a' represents the original amount or initial value before growth occurs.

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'r' represents the rate of decay expressed as a decimal.

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If a population of 1000 is growing at a rate of 3% per year, what will the population be after 2 years?

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If a substance decays from 500 grams at a rate of 10% per year, how much will remain after 3 years?

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What is the difference between growth and decay in exponential functions?

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How do you determine if a function represents growth or decay?

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If the rate 'r' is positive, the function represents growth. If 'r' is negative, it represents decay.

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What is the formula to calculate the future value in exponential growth?

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What is the formula to calculate the future value in exponential decay?

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