Application of Exponential Functions

A new savings account is opened with $400 and gains 3% every year. What is the exponential function?

• f(x)=400(1+3)^x
• f(x)=400(1-0.03)^x
• f(x)=400(1+0.03)^x
• f(x)=400(0.03)^x

The value of a car is $15,000 and depreciates at a rate of 8% per year. What is the exponential equation?

• y=8(15,000)^x
• y=15,000(1 + .08)^x
• y=15,000(1 - .08)^x
• y=15,000(0.08)^x

The attendance at the art museum at the New Year’s opening was 250 people. The attendance has been increasing at a rate of 3% each month. How many people will attend by the end of a year?

• 356 people

• 265 people

• 5825 people

• 1329 people

Tags

CCSS.HSF.BF.A.2

The number of mosquitoes at the beginning of the summer was 4,000. The population of mosquitoes is expected to grow at a rate of 25% a month. How many mosquitoes will there be after 4 months?

• 9784 mosquitoes

• 9006 mosquitoes

• 9765 mosquitoes

• 5433 mosquitoes

Tags

CCSS.HSF.BF.A.2

Classify the model as Exponential GROWTH or DECAY.
A=10(1.01)³

• Growth
• Decay

Classify the model as Exponential GROWTH or DECAY.
A=1200(.85)⁶

• Growth
• Decay

Which of the following functions shows an initial amount of $15 and an increase of 35% each year?

• y = 15(35)^x
• y = 15(1.35)^x
• y = 15(0.35)^x
• y = 35(1.15)^x

Tags

CCSS.HSF.LE.A.2

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how many years will it take for Riley to have over $5000 in total?

• 2 years

• 24 years

• 25 years

• 26 years

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

• $2794.10
• $2738.11
• $2774.98
• $2807.11

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

• $12712.31
• $12,749.30
• $12,657.59
• $12550.84