Exponential Functions Word Problem

Which equation describes the story below? You start with $5 and triple your money every day.

• y=5(3)^x

• y=5^x

• y=5(3x)

• y=15^x

The amount of cola in a soda machine decreases by a rate of 5% each hour. The amount of cola in the machine was originally 75 gallons. Which function models the amount of cola in gallons after h hours?

• f(h) = 75(-5)^h

• f(h) = -5(75)^h

• f(h) = .95(75)^h

• f(h) = 75(.95)^h

Write an exponential function to model the situation. You invest $1500. Your investment increases at a rate of 3.5%.

• B(t) = 1500(0.965)^t

• B(t) = 1500(1.035)^t

• B(t) = 1500(.035)^t

• B(t) = 1500(1.965)^t

Write an exponential function to model the situation. The value of a car is $18000 and is depreciating at a rate of 12% per year.

• V(t) = .88(18000)^t

• V(t) = .12(18000)^t

• V(t) = 18000(.88)^t

• V(t) = 18000(.12)^t

Write an exponential function to model the situation. Then solve. The value of a car is $18000 and is depreciating at a rate of 12% per year. What will the value of the car be after 10 years?

• V(t) = 18000(.88)^t ; $12986.98

• V(t) = 18000(.12)^t ; $12986.98

• V(t) = 18000(.88)^t ; $5013.02

• V(t) = 18000(.12)^t ; $5013.02

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 function y = 24,220 (0.85)^x represents Mr. Bittle's investment in the stock exchange where x is measured in months.

Which statement is NOT true.

• Mr. Bittle loses 85% of his investment monthly

• Mr. Bittle initially invested $24,220

• Each month Mr. Bittle loses 15% of his investment

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

• y = 8(15,000)^x

• y = 15,000(1.08)^x

• y = 15,000(0.92)^x

• y = 15,000(0.08)^x

The equation f(x) = 300(1.06)^x is being used to calculate the amount of money in a savings account.  What does the 1.06 represent?

• 6% growth

• 6% decay

• 1.06% growth

• .06% decay

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

• ^0.08

• ^1.08

• 0.92

• 8