Unit 6 Review for Exam

Front

What is exponential growth?

Back

Exponential growth occurs when a quantity increases by a consistent percentage over a period of time. For example, if a population grows by 25% each month, it is experiencing exponential growth.

Front

What is the formula for exponential growth?

Back

Front

How do you calculate the future value of an investment with exponential growth?

Back

Front

What is the difference between exponential growth and exponential decay?

Back

Exponential growth increases over time, while exponential decay decreases over time. For example, a population growing at 20% per year is exponential growth, while a population decreasing at 20% per year is exponential decay.

Front

What does a 25% monthly growth rate mean for a population?

Back

A 25% monthly growth rate means that each month, the population increases by 25% of its current size.

Front

How do you find the rate of appreciation in a function?

Back

Front

What is the formula for calculating depreciation?

Back

Front

How do you determine the time it takes for an investment to depreciate to a certain value?

Back

Front

What is a geometric sequence?

Back

A geometric sequence is a sequence of numbers where each term after the first is found by multiplying the previous term by a fixed, non-zero number called the common ratio.

Front

What is the common ratio in a geometric sequence?

Back

The common ratio is the factor by which we multiply each term to get the next term in a geometric sequence.