Exponential Functions Growth Factor Word Problems

A new IPhone costs $799 and is estimated to lose 25% of its value every six months after its purchase.

What is the growth factor?

What is the growth factor?

• $35,000

• 0.05

• 1.05

• 0.95

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

A new IPhone costs $799 and is estimated to lose 25% of its value every six months after its purchase.

What is the value of the phone after 2 years?

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. Which equations represents this situation?

• C(t) = 1.06(12000)^t

• C(t) = 12000(.06)^t

• C(t) = 12000(.06)^t

• C(t) = 12000(1.06)^t

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

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

A particular type of cell triples in number every hour. Which function can be used to find the number of cells present at the end of h hours if there are initially 6 of these cells?

• f(h) = 3(6)^h

• f(h) = 6x^h

• f(h) = 6(3)^h

• f(h) = 3(6h)

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. 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