Applications of Exponential

Find the balance in an account that has $300 invested at 6.5% for 4 years compounded semi-annually.

• $387.47

• $496.50

• $7,800.00

• $385.94

Katy deposited $90 in a savings account earning 5% interest, compounded quarterly. Which of the following equations could represent the amount of money in her account yearly?

• 
• 
• 
• 

Derrick has $1,000 in a savings account that ears 15% interest, compounded monthly. To the nearest cent, how much will he have in 2 years?

• $5,350.25

• $1,322.50

• $1,025.16

• $1,347.35

Suppose a culture of bacteria begins with 5000 cells and dies by 30% each year. Write an equation that represents this situation.

• y=5000(0.7)^x

• y=30(5000)^x

• y=5000(1.3)^x

• y=5000x^x

• 12.375 Years

• 177.073 Years

• 0.175 Years

• 17.509 Years

You invest $5,000 into a savings account that has an interest rate of 5% compounded continuously. In how many years will there be $12000 in the account?

• 12.375 Years

• 177.073 Years

• 0.175 Years

• 17.509 Years

Which of the following functions shows an initial amount of $15 and an increase of 35% each year?

• y = 15(35)^x

• y = 15(1.35)^x

• y = 15(0.35)^x

• y = 35(1.15)^x

The value of a car is $15,000 and depreciates at a rate of 8% per year. What is the decay factor?

• ^.08

• ^1.08

• .92

• 8

A collectible car has been going up in price by 10% each year. If the car is already worth $29,000, how much will the car be worth in 5 years?

• $0.29

• $2,900,000,000

• $46,704.79

• $145,000

The expression 12(1.015)^t models the population of elephants in a wildlife refuge after t years since 1975.
Is the population of elephants increasing or decreasing?

• Increasing

• Decreasing