Application of exponential functions hw

Most automobiles depreciate as they get older. Suppose an automobile that originally costs $14,000 depreciates by 20% of its value every year. 
What exponential equation can we create to model this situation?

• y=14000(.20)^x
• y=14000(.80)^x
• y=14000(1+.20)^x
• y=14000(1+.80)^x

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CCSS.HSF.LE.A.2

A sculpture is increasing in value at a rate of 9% per year, and its value in 2000 was $1500. Write an exponential growth function to model this situation.

• f(t)=1500(1.09)^t
• f(t)=1500(0.09)^t
• f(t)=2000(0.09)^t
• f(t)=1500(9)^t

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CCSS.HSF.LE.A.2

Suppose a culture of bacteria begins with 5000 cells and dies by 30% each year. Write an equation that represents this situation.

• y=5000(0.7)^x
• y=30(5000)^x
• y=5000(1.3)^x
• y=5000x^x

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CCSS.HSF.LE.A.2

Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

• $827.52                     (Mr. Williams)       
• $831.10                 (Mrs. Hoch)
• $839.45                    (Mr. Krajunus)
• $846.80                   (Ms. Palombo)

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Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?

• $6,273.50  frustrated
• $6,314.08 bewildered
• $6,385.72         pleased
• $6,427.94           tickled pink

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Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?

• $15,415.94       LeBron James
• $15,683.28            Chase Utley
• $15,927.56       Serena Williams
• $16,349.72            Tom Brady

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Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

• $33,299.42       playing dodgeball
• $33,672.68   climbing trees
• $34,157.04         riding unicycles
• $34,710.88      flipping pancakes

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