Identify Exponential Word Problems Versus Growth and Decay

Nathan bought a VERY fancy boat for about $125,000. If the boat's value depreciates at the rate of 15% per year, what is the value of the boat at the end of 10 years?

• $12,512.50

• $18,750

• $24,609.30

• $505,694.72

Gasoline costs $1.99 per gallon. If the price per gallon increases an average of 6% per month, which function models the exponential growth of the pricing?

• 1.06(1.99)^t

• 1.99(1.06)^t

• [1.06(1.99)]^t

• 1.99(.94)^t

You buy a new computer for $2100. The computer decreases by 50% annually. How much is it worth after 2 years.

• $225

• $325

• $425

• $525

Classify the model as Exponential GROWTH or DECAY.
A=1200(.85)⁶

• Growth

• Decay

Classify the model as Exponential GROWTH or DECAY.
A=10(1.01)³

• Growth

• Decay

A population of a city is 422,000 and increases by 12% each year. Use an exponential function to find the population of the city after 8 years.

• 100,144 people

• 1,083,024 people

• 1,044,856 people

• 200,000 people

Twenty years ago, Mr. Davis purchased his home for $160,000. Since then, the value of the home has increased about 5% per year. How much is the home worth today?

• $176,783.29

• $424,527.63

• $57,357.75

• $532,041,076.80

Your shiny new boat cost $7650.  The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the equation that models this problem?

• y= 7650(.14)³

• y= 7650(.86)³

• y= 7650(1+.86/1)^3*1

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

• y=8(15,000)^x

• y=15,000(1.08)^x

• y=15,000(0.92)^x

• y=15,000(0.08)^x

If 10 mg of iodine 131 is given to a patient, how much is left after 24 days? The half-life of iodine-131 is 8 days.

• 25mg

• 25g

• 10g

• 10mg