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Exponential Growth Decay

This document provides examples of exponential growth and decay models. It gives 5 practice problems involving writing equations to model exponential increase or decrease situations over time, calculating values at specific years, and determining when the value reaches a threshold amount. The examples involve the value of items like sculptures, TVs, and cars decreasing over time and business revenue and radioactive carbon increasing over time.

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frankdan
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149 views2 pages

Exponential Growth Decay

This document provides examples of exponential growth and decay models. It gives 5 practice problems involving writing equations to model exponential increase or decrease situations over time, calculating values at specific years, and determining when the value reaches a threshold amount. The examples involve the value of items like sculptures, TVs, and cars decreasing over time and business revenue and radioactive carbon increasing over time.

Uploaded by

frankdan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Name

Date Exponential Growth and Decay Models

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In an exponential growth model y = a(1 + r)t, and a decay model is y = a(1 - r) t - y is the quantity after t years - a is the initial amount - r is the percent increase/decrease expressed as a decimal 1. In 1995, you bought a sculpture for $ 380. Each year, the value increases by 8 %. a. Write the equation

b. What was its value in 2005?

c. When is the sculpture worth $560?

2. In 2000, you bought a TV for $ 600. Each year the value decreases 6 %. a. Write a function to model this situation.

b. What was its value in 2005?

c. When is the TV worth half of its original value.

3. In 1990, a business had revenue of $ 30,000. Each year that revenue increased by 15 %. a. Write an equation to model this situation

b. What was the revenue in 2003?

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Date

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c. When is the revenue greater than $38,000? 4. The value of a new $ 19,000 car in 2005 decreases by 14 % each year. a. Write an equation to model this situation

b. What will the car be worth 2010?

c. When is the car worth of its original value?

5. Ten grams of Carbon 14 is stored in a container. The amount C (in grams) of Carbon 14 present after t years can be modeled by C = 10(0.99987)t. a. How much Carbon 14 is present after 1000 years?

b. You discover a fossil with 7.62 grams of Carbon-14. How old is the fossil?

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