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Unit 6 Lesson 3 Notes KEY

This document provides information and examples about exponential growth, exponential decay, compound interest, and half-life. It defines key terms like principal, interest, rate, and time period. Examples show how to write exponential functions to model investment growth and decay over time, and compound interest formulas. The half-life section gives the formula and examples of calculating the amount of a radioactive substance remaining after a given time period.

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34 views

Unit 6 Lesson 3 Notes KEY

This document provides information and examples about exponential growth, exponential decay, compound interest, and half-life. It defines key terms like principal, interest, rate, and time period. Examples show how to write exponential functions to model investment growth and decay over time, and compound interest formulas. The half-life section gives the formula and examples of calculating the amount of a radioactive substance remaining after a given time period.

Uploaded by

45 RPM
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Name: Date:

Unit 6 Lesson 3

Exponential growth occurs when a quantity exponentially


___________________________ by the same rate over time.

Exponential Exponential Growth Formula


𝑎 = ________________________________________
Growth
𝑟 = ________________________________________

𝑡 = ________________________________________

1. The original value of an investment is $1,400, and the value increases by 9%


each year. Write an exponential growth function to model this situation.
Then, find the value of the investment after 25 years.

Examples 2. The number of student athletes at a local high school is 300 and is increasing
at a rate of 6.5% per year. Write an exponential growth function to model
this situation. Then, find the number of student athletes after 5 years.

Exponential decay occurs when a quantity exponentially


___________________________ by the same rate over time.

Exponential Exponential Decay Formula


𝑎 = ________________________________________
Decay
𝑟 = ________________________________________

𝑡 = ________________________________________

3. The value of a car is $18,000 and depreciating at a rate of 12% per year.
Write an exponential decay function to model this situation. Then, find the
value of the car after 10 years.

Examples 4. An investment of $8,200 loses value at a rate of 2% per year. Write an


exponential decay function to model this situation. Then, find the value of
the investment after 9 years.
Compound interest is when a bank pays interest on both the ___________________
and the accrued __________________ an account has earned over time.
Compound
Compound interest is an example of ____________________________________.
Interest
Compound Interest Formula
𝑃 = _______________________________________

𝑟 = ________________________________________

𝑛 = ________________________________________

𝑡 = ________________________________________

5. When Andy was born his parents deposited $1,000 in an account paying
4.5% interest compounded quarterly. What will the account balance be
after 18 years?

6. If you put $4,000 in a bank account that earns 6% interest compounded


monthly, how much money will be in the account after 10 years?

Continuously compound interest means that your principal is __________________


Compound earning interest and the interest keeps earning on the interest earned.

Interest Continuous Compound Interest


Compounded Formula
𝑃 = _______________________________________
Continuously
𝑒 = ________________________________________

𝑟 = ________________________________________

𝑡 = ________________________________________

7. If John puts $15,000 in a savings account that earns 2% interest,


compounded continuously, how much money will he have in the account
after 5 years?

8. If you invest $20,000 at an annual interest rate of 1.5% compounded


continuously, how much money will you have in the account after 15 years?
Half-Life formula:
Half- Life
𝑨𝟎 = ____________________

𝒕 = ____________________

𝒉 = ____________________

Potassium-42 has a half-life of 12.4 hours. How much of an 848 g sample of potassium-
42 will be left after 62.0 hours?

An isotope of Technetium has a half-life of 6 hours. If it is given to a patient as part of a


medical procedure, what fraction of the radioisotope remains in the body after one day?

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