F4 - Applications HW
F4 - Applications HW
$5,075.94.
2. The average price of a movie ticket in 1990 was $4.22. Since then, the price has increased by
approximately 3.1% each year. Write an exponential function to model this situation, then find
the price of a ticket in 2016.
© Gina Wilson (All Things Algebra®, LLC)
$9.45.
3. A virus has infected 400 people in the town and is spreading to 25% more people each day.
Write an exponential function to model this situation, then find the number of people that will
be infected in 10 days.
3,726 people
4. The population of a small town was 10,800 in 2002. Since then, the population has decreased
at a rate of 2.5% each year. Write an exponential function to model the situation, then find
the population of the town in 2020.
7,776 people.
5. Manny bought a brand-new car in 2012 for $28,750. If the car depreciates by 12% each year,
write an exponential function to model the situation, then find the value of the car in 2018.
$13,106.22.
$34,494.57.
7. A realtor took $32,500 made on the sale of a home and placed it in a new account that earns
6% compounded annually. Find the total amount in the account after 5 years.
$43,528.48.
© Gina Wilson (All Things Algebra®, LLC)
8. Scott invested $1,600 into a retirement account that earns 2.4% interest compounded
monthly. What will the balance of the account be after 30 years?
$3,288.28.
9. Kaylee used her graduation money to set up a savings account that earns 3.4% interest
compounded weekly. If the original amount deposited was $500, how much interest will she
have earned after 10 years?
$203.99
10. Ryan inherited land from his grandfather. He decided to sell the land for $160,000, then
place the money in a new account that earns 1.2% interest compounded bimonthly. How
much interest will he have earned after 30 years?
$66,304.80