Exponential Growth or Decay Word Problems

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

The population of Hickory NC, can be modeled by P=6191(1.04)t where t is the number of years since 1995. What was the population in 1995?

• 6191

• 1

• 1995

• 1.04

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

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

Someone drops a basketball from a height of 10 feet. Each time it bounces, the bounce height decreases by 1/3. Which statement is correct?

• The decay rate is 1/3

  and the decay factor is 2/3

• The decay rate is 2/3

  and the decay factor is 1/3

The equation that models how much Acetaminophen is in his body is Calculate how much medicine is left after 10 hours

• 400 milligrams

• 344 milligrams

• 89 milligrams

• 11 milligrams

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