Exercises: Interpret Exponential Function Properties
Work through each section in order. For each exponential function, identify the initial value, classify as growth or decay, and determine the percent rate before interpreting in context.
Recall / Warm-Up
Simplify: using the exponent rule .
For , what is the initial value (the value when )?
Which base value indicates exponential decay?
Fluency Practice
Identify the initial value, classify as growth or decay, and determine the percent rate for .
For , what is the annual percent growth rate? Enter as a percent (e.g., enter 3.5 for 3.5%).
Which exponential function represents the fastest growth?
A savings account earns 0.5% interest per month, modeled by , where is in years. Rewrite as and find the annual growth factor . Round to 4 decimal places.
The function models growth over decades (each unit of is 10 years). Rewrite it in the form where is in years. Which is ?
Varied Practice
Which of the following is true about ?
A radioactive substance decays so that only 70% remains each hour. Which function correctly models this?
A substance has a half-life of 10 years, modeled by . What is the approximate annual decay rate?
A town's population is modeled by , where is years after 2020. Which interpretation is correct?
Word Problems
An investment account starts with $5,000 and grows at 0.4% interest per month. The balance is modeled by , where is in years.
Rewrite in the form and select the best description of the annual rate.
Using the original monthly model , what is the balance after 2 years (in dollars)? Round to the nearest dollar.
Two towns have populations modeled by and , where is years from now.
Town A starts with 2,000 people and grows at 10% per year. Town B starts with 50,000 and grows at 2%. At , Town B's population is how many times as large as Town A's population?
Error Analysis
A student analyzed and wrote:
"The growth rate is 1.08, which means 108% growth per year. Starting at 750, the quantity more than doubles each year."
What error did the student make?
A student saw and wrote:
"Each year, the balance grows by . So the annual growth rate is 12%."
What is wrong with this reasoning, and what is the correct annual growth rate?
Challenge / Extension
A radioactive element has a half-life of 8 years. Starting with 200 grams, the model is . What percent of the original amount remains after 20 years? Round to the nearest whole percent.
Compare two investments: Fund A offers 10% annual growth starting with $1,000; Fund B offers 2% annual growth starting with $20,000. Explain why Fund B will likely always stay ahead of Fund A, and approximately how many years it would take for Fund A to overtake Fund B (if ever, based on your reasoning).