Math Concepts
Name the initial value in this exponential equation:
3500(1+.23)12
3500
Name the rate in this exponential equation:
500(1 + .03)5
0.03
Name the initial value in this compound interest equation:
500(1+.23/1)1(12)
500
Name the rate in this exponential equation:
2500(1.09)10
0.09
Name the time in this exponential equation:
3500(1+.23)12
12
Name the growth factor in this exponential equation:
2500(1.09)10
1.09
Name the time in this exponential equation:
300(1-.83)m
m
Lisa purchases a house for $120,000 in a good area. The value of houses in the area where the house was purchased is averaging an increase of 6% per year. Determine the growth factor and write a function that describes the value of the house t years after it was purchased?
$241.46
Freddie purchased a pair of never worn Vintage 1997 Nike Air Jordan XII Playoff Black Varsity Red White Shoes Size 12 for $380. The shoes have shown an average growth rate of 14% per year. Determine the growth factor and write a function that describes the value of the shoes x years after it was purchased?
380(1+.14)t
or
380(1.14)t
Name the growth factor in this exponential equation:
300(1 +.19)10
1.19
Name the time in this exponential equation:
700(.63)x
x
Jeff purchases a house for $150,000 in an area that is declining. The value of houses in the area where the house was purchased is averaging a decrease of 3% per year. Determine the decay factor and write a function that describes t
$104,076.35
Esther purchased a used car, a Ford Focus, for $8400. The car is expected to decrease in value by 20% per year over the next couple of years. Determine the decay factor and write a function that describes the value of the car x years after it was purchased
Bonus: Determine how much the car would be worth after 6 years.
8400(1-.20)t
or
8400(.8)t
2202.00