Growth or Decay Word Problems

A new savings account is opened with $400 and gains 3% every year. Is this a growth or decay?

• growth

• decay

The value of a car is $15,000 and depreciates at a rate of 8% per year. Is this a growth or decay?

• growth

• decay

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. Is this a growth or decay?

• decay

• growth

Using the exponential function equation f(x)=ab^x, where a is the starting value and b is the growth or decay, and x is the time, find the population of rabbits after 6 months if the population triples every month and initially there are 50 rabbits.

• 50000

• 145800

• 3000

• 800

Using the exponential function equation f(x)=ab^x, where a is the starting value and b is the growth or decay, and x is the time, find the value of a house after 15 years if it initially worth $250,000 and increases by 5% each year.

• $405,518.75

• $500,000

• $425,000

• $375,000

Using the exponential function equation f(x)=ab^x, where a is the starting value and b is the growth or decay, and x is the time, find the population of bacteria after 5 hours if it doubles every hour and initially has 100 bacteria.

• 500

• 3200

• 2000

• 1000

The population of Winnemucca, Nevada, can be modeled by P=6191(1.04)^t where t is the number of years since 1990. What is the population of the town 21 years later?

• 6191

• 9912

• 72519

• 14108

Using the exponential function equation f(x)=ab^x, where a is the starting value and b is the growth or decay, and x is the time, find the population of fish after 8 weeks if the population doubles every week and initially there are 1000 fish.

• 128000

• 512000

• 64000

• 256000

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 days

• 23 to 24 days

• 15 to 16 days

• 19 to 20 days

You have inherited a house that was purchased for $100,000 in 2010. The value of the house increased by approximately 2% per year. What is the approximate value of the house 11 years later ?

• $124,337

• $80,073

• $743,008

• $138,423