Applications of Exponential Functions

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

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

• ^.08
• ^1.08
• .92
• 8

Tags

CCSS.HSF-IF.C.8B

A collectible car has been going up in price by 10% each year. If the car is already worth $29,000, how much will the car be worth in 5 years?

• $0.29
• $2,900,000,000
• $46,704.79
• $145,000

Tags

CCSS.HSF-LE.A.1C

The expression 12(1.015)^t models the population of elephants in a wildlife refuge after t years since 1975.
Is the population of elephants increasing or decreasing?

• Increasing
• Decreasing

Tags

CCSS.HSF-IF.C.8B

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

• $12,800.00

• $13,629.44

• $17,600.00

• $28,098.56

Tags

CCSS.HSF.BF.A.2

Ash has $8,000 in a savings account. The interest rate is 3% compounded once a year.

To the nearest cent, how much will he have in his account in 4 years?

• $9,004.07

• $2,2848.80

• $9,011.94

• $8,242.71

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

The population of Pallet Town increases by 15% every year. If there are currently 190,000 people living there, what will be the population in 13 years?

If necessary, round your answer to the nearest whole number.

• 4 people.

• 22,972 people.

• 1,169,030 people.

• 1,188,311 people.

Tags

CCSS.HSF-LE.A.1C

Find the balance in an account that has $300 invested at 6.5% for 4 years compounded semi-annually.

• $387.47

• $496.50

• $7,800.00

• $385.94

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.IF.B.4

Katy deposited $90 in a savings account earning 5% interest, compounded quarterly. Which of the following equations could represent the amount of money in her account yearly?

• 
• 
• 
• 

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

Derrick has $1,000 in a savings account that ears 15% interest, compounded monthly. To the nearest cent, how much will he have in 2 years?

• $5,350.25

• $1,322.50

• $1,025.16

• $1,347.35

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSA.SSE.B.4