College Readiness

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

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?

• $23,219.72
• $136.72
• $51,710.94
• $16,710.94

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

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

• 400 milligrams

• 344 milligrams

• 89 milligrams

• 11 milligrams

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

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

• $12,800.00

• $13,629.44

• $17,600.00

• $28,098.56