Exponential Word Problem

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.

The number of research papers in Professor Sycamore area of expertise has been increasing by 5% every year. Given that 30,010 research papers were published this year. Assuming the trend continues, which equation projects the amount of research papers published in x years?

• y = 30,010 (.05)^x

• y = 30,010 (1.05)^x

• y = 30,010 (.95)^x

• y = 30,010 (5)^x

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

A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?

• $5,884.00

• $5,178.97

• $2,992.96

• $2,957.04

Write an exponential function to model the situation. Then solve.

The cost of tuition at a college is $12,000 and is increasing at a rate of 6% per year. What will the cost be after 4 years?

• C(t) = 12000(1.06)^t ; $3149.72

• C(t) = 12000(.06)^t ; $3149.72

• C(t) = 12000(.06)^t ; $1472.95

• C(t) = 12000(1.06)^t ; $15149.72

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?

• 4 people.

• 22,972 people.

• 1,169,029 people.

• 1,188,311 people.

Match the word problem describing Jenny's investment, which is expected to triple each year, to the correct equation.

• y = 20,000(3^x)

• y = 20,000(1/3^x)

• y = 20,000(1.33^x)

• y = 20,000(0.67^x)

Eduardo currently has 500 followers on TikTok. He makes a video after the basketball game and it goes viral! Since he became internet famous, the number of followers is increasing by 25% daily. Write an exponential function that represents the relationship between x, the number of days since Eduardo posted the video and y, the total number of followers Eduardo has.

Mathematical Equivalence

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If the population of a city is 50,000 and grows at a continuous rate of 3% per year, what will be the population after 5 years?

• 58,091

• 55,000

• 60,000

• 50,000

Due to its weakening steel industry, Canalave Town has been experiencing a population decline of 10% every year. The current population is 74,000 people. Assuming the trend continues, which equation projects the population in x years?

• y = 74,000 (0.10)^x

• y = 74,000 (0.90)^x

• y = 74,000 (1.10)^x

• y = 74,000 (1.90)^x