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F4 - Applications HW

This document contains homework problems related to exponential and logarithmic functions, focusing on applications such as exponential growth, decay, and compound interest. It includes various scenarios for investments, population changes, and depreciation, with solutions provided for each problem. The document spans two pages and is designed for Algebra 2 students.

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d4rkune
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52 views3 pages

F4 - Applications HW

This document contains homework problems related to exponential and logarithmic functions, focusing on applications such as exponential growth, decay, and compound interest. It includes various scenarios for investments, population changes, and depreciation, with solutions provided for each problem. The document spans two pages and is designed for Algebra 2 students.

Uploaded by

d4rkune
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Name: _______________________________ Unit 7: Exponential & Logarithmic Functions

Name:_______________________________________ Date:____________________________ Block:_______


Date: _____________________
Algebra 2 – HW F Per: ______ Homework 9: Applications of Exponential Functions
Applications
** This is a 2-page document! **
Exponential Growth & Decay
1. Vanessa invested $2,500 into an account that will increase in value by 3.5% each year. Write
an exponential function to model this situation, then find the value of the investment after 20
years.

$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.

© Gina Wilson (All Things Algebra® , LLC), 2015-2023


Name:_______________________________________ Date:____________________________ Block:_______
Compound Interest
6. Anisha invested $8,000 in an account that earns 10% interest. How much money will she have
in 15 years if the interest is compounded quarterly?

$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

© Gina Wilson (All Things Algebra® , LLC), 2015-2023


Name:_______________________________________ Date:____________________________ Block:_______

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