Exponential Patterns Word Problems

You have inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in the year 2011?

• $344,022

• $31,500

• $15,000

• $28,500

An adult takes 400 mg of ibuprofen. Each hour, the amount of ibuprofen in the person’s system decreases by about 29%. How much ibuprofen is left after 6 hours? 

• 51 mg
• 284 mg
• 1843 mg
• 116 mg

The foundation of your house has about 1,200 termites. The termites grow at a rate of about 2.4% per day. How long until the number of termites doubles?

• 29 to 30 years
• 23 to 24years
• 15 to 16 years
• 19 to 20 years

The population of Bloom Falls, Mass. (population 937) is slowly moving to a bigger city.
Every year the population drops by 4.5%. What is the population after 3 years?

• 1,069 people
• 894 people
• 816 people
• 854 people

You bought a Boston Whaler in 2004 for $12,500. The boat's value depreciates by 7% a year. How much is the boat worth in 2012?

• $11625
• $6994.77
• $21,477
• $875

The original value of a painting is $1400, and the value increases by 9% each year. Write an exponential growth function to model this situation.

• y=1400(1.09)^x
• y=1.09(1400)^x
• y=1400(.91)^x
• y=1.09^x

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

The population of Pallet Town increases by 15% every year. If there are currently 190,000 people living there, what will be the population in 13 years?

If necessary, round your answer to the nearest whole number.

• 4 people.

• 22,972 people.

• 1,169,030 people.

• 1,188,311 people.

Voting in Pokemon Go's annual community day elections has been decreasing by 5% from one election to the next. If 912 citizens voted this year, how many will vote 3 years from now? If necessary, round your answer to the nearest whole number.

• 114 citizens.

• 782 citizens.

• 1,056 citizens.

• 3,078 citizens.