WorksheetsExponential/Log Applications Quiz
Total questions: 11
Worksheet time: 45mins
Name
Class
Date
1.
A population of fish starts at 8,000 and decreases by 6% per year. What is the population of fish after 10 years?
a)
14327
b)
4309
c)
839
d)
7680
2.
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?
a)
$23,219.72
b)
$136.72
c)
$51,710.94
d)
$16,710.94
3.
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?
a)
$176,783.29
b)
$424,527.63
c)
$57,357.75
d)
$532,041,076.80
4.
Suppose you deposit $3000 in a savings account that pays interest at an annual rate of 4%. What is the growth factor?
a)
.96
b)
1.4
c)
1.04
d)
$3000
5.
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?
a)
$23,219.72
b)
$136.72
c)
$51,710.94
d)
$16,710.94
6.
Since January 1980, the population of the city of Brownville has grown according to the mathematical model y=720,500(1.022)x, where x is the number of years since January 1980. What is the was the population of Brownville in 1980?
a)
102.2 people
b)
720,500 people
c)
1.022 people
d)
1022 people
7.
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
a)
$1,584.62
b)
$2,651.39
c)
$2,706.86
d)
$1,825.10
8.
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
a)
$15,415.94
b)
$15,683.28
c)
$15,927.56
d)
$16,109.05
9.
You borrowed $1,690 for 5 1/2 years at an interest of 5.7% compounded annually. How much extra did you pay by taking out the loan?
a)
$602.45
b)
$2,292.45
c)
$1,87.55
d)
$3,982.45
10.
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
a)
$1,225,54
b)
$2,225.54
c)
$22,255.40
d)
$225.54
11.
You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.
a)
$1,923.23
b)
$10,138.07
c)
$6,701.28
d)
$800.26
100 %
