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6.2.4 Practice - Modeling - Exponential Functions (Practice) - 6002004 - Akhcu016f

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27 views7 pages

6.2.4 Practice - Modeling - Exponential Functions (Practice) - 6002004 - Akhcu016f

Uploaded by

mtassone2009
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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6.2.

4 Practice: Modeling: Exponential


Functions Practice
Algebra I Honors Name:
Date:

YOUR ASSIGNMENT: Valuable Coins

In this assignment, you may work alone, with a partner, or in a small


group. Discuss the results of your work and/or any lingering questions
with your teacher.

Choosing a Valuable Coin

Alex collects coins that appreciate (increase in) value. At the store he has
found three coins that he likes and can afford. Help Alex decide which
coin to buy by selecting two coins and comparing their values over time.

1. Which two coins are you going to compare? Circle the two coins you
picked.

Click here for long


description
Coin A Coin B Coin C

Finding Equations for the Values

2. What are the current values and appreciation rates of the two coins you
selected? (2 points: 1 point for each of 2 coins)

Coin Current Value Annual Appreciation Rate

A 25$ 5%
B 40$ 7%

3. Write an exponential equation for each coin that will give the coin's
value, V, at any time, t. Use the formula:

V(t) = P(1 + r)t, where V(t) is the value of the coin in t years, P is the
initial investment, and r is the growth rate.

For each of the coins you selected, identify P and r, then set up an
equation to find the value of the coin at any t. (2 points: 1 point for each
coin)

Coin P r Function

1.07
V(t) =25(1.07)T
A 25

B 40 1.05 V(t) =40(1.05)T

Interpreting Exponential Expressions

4. In the coin value formula, V(t) = P(1 + r)t, which part(s) form the base
of the exponential function? Which part(s) form the constant, or initial
value? Which part(s) form the exponent? (4 points: 1 point for each
answer below)

Base: 1+R

Constant, or initial value: P

Exponent: T
In this function, if the value of r were to increase, would the value
represented by P also increase or stay the same? Why? Explain your
answer using terms such as "rate of growth" and "initial value" in the
context of the coin problem.

If the value of r would increase then the world of p would stay the same
because it represents the rate of growth while p represents the initial
value.
5. Find the value of the coins after 10, 20, 30, and 60 years. Use the
function you identified in question 3 to calculate the value. (8 points: 1
point for each time interval)

Coin A Coin B Coin C

Initial Value $25 $40 $60

10 years $49.18 $65.15 $88.81

20 years $96.74 $106.13 $131.47

30 years $190.31 $222.04 $263.68

60 years $929.39 $1434.42 $1594.62

Determining the More Valuable Coin

6. Which coin is more valuable after 10 years? 20 years? 30 years? 60


years? Which coin would you purchase if you intended to keep it longer
than 60 years, and why? (Hint: Look at r.)

(4 points: 0.5 point each for identifying the more valuable coin; 2 points
for the last question)

It would be coin A because the value goes up and it probably won't be


able to keep the cion for more than 60 because it would probably lose its
value.
Determining When Coin Values Pass Each Other

7. Use a table to compare the values of all three coins over time. (Some
values are provided for you.) Find the years when each coin is the most
valuable of the three. For example, you may find that one coin is the most
valuable from year 0 through year 23, another from year 24 through year
38, and the third starting in year 39.

Add as many rows to the table as you need. Explain how you knew when
you had all the information needed to answer the question. (8 points: 2
points for the values entered in the table, 2 points for the explanation, 4
points for the correct answer)

Hint: Be strategic in making your table. You don't need to find values for
every year.

Ye Coin with highest


ar Coin A Coin B Coin C value

0 $25.00 $40.00 $60.00 C

10 $49.18 $65.15 $88.81 C

20 $96.74 $106.13 $131.47 C

30 $190.31 $222.04 $236.68 C


40 $375.11 $460.03 $536.63 C

$1830.5 $2345.5 $2474.1


70 3 8 7 C

$3600.6 $3433.9 $3321.4


80 2 6 1 A

$13931. $12742. $10932.


100 64 90 94 A

This is all of the information I need because:

Coin C is the most valuable coin from year 0 through year 70

Coin B is Never the most valuable

Coin A is The most valuable from year 80 and the rest of the years.

8. Do you think there is anything unrealistic about the information given


about these coins (or anything else asked above)? Explain. (2 points)

I don’t think that there is anything unrealistic about the information given
about these coins. The reason why is because it gives an accurate
representation about the coins.
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6.2.4 Practice: Modeling: Exponential Functions

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