Chapter 3 Review Exponential Functions

Front

What is the formula for compound interest compounded daily?

Back

Front

What is the general form of an exponential function?

Back

Front

How do you represent a population decreasing by a percentage each year?

Back

Front

Back

Interest compounded n-times per year.

Front

What is the formula for continuous compounding?

Back

Front

What is the growth factor in an exponential function?

Back

Front

If a population of 100 toads decreases by 4% each year, what is the equation for the population?

Back

Front

What is the difference between exponential growth and exponential decay?

Back

Exponential growth occurs when the growth factor is greater than 1, while exponential decay occurs when the growth factor is between 0 and 1.

Front

Back

Front

How do you calculate the amount after 5 years with a principal of $6000 at 2% interest compounded daily?

Back