Exponential Functions and Word Problems

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

What is the initial value?

• $35,000

• 0.05

• 1.05

• 0.95

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

What is the growth rate?

• $35,000

• 0.05

• 1.05

• 0.95

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

What is the growth factor?

• $35,000

• 0.05

• 1.05

• 0.95

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

Does this situation represent growth or decay?

• growth

• decay

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

Write the equation that represents the situation.

Write the equation using this format with no spaces:

y=a(b)^x

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates (loses value) at a rate of 5%.

What will its approximate value be at the end of the 4th year?

• $33,250.00

• $30,008.13

• $28,507.72

• $27,082.33

Cassandra bought an antique dresser for $500. The value of her dresser increases 6% annually.

What is the initial value?

• 500

• 0.06

• 1.06

• 0.94

Cassandra bought an antique dresser for $500. The value of her dresser increases 6% annually.

What is the growth rate?

• 500

• 0.06

• 1.06

• 0.94

Cassandra bought an antique dresser for $500. The value of her dresser increases 6% annually.

What is the growth factor?

• 500

• 0.06

• 1.06

• 0.94

Cassandra bought an antique dresser for $500. The value of her dresser increases 6% annually.

Write the equation that represents the situation.

Write the equation using this format with no spaces:

y=a(b)^x