Exercises: Recognize Constant Percent Rate Situations
Work through each section in order. Show your work where indicated.
Warm-Up: Review What You Know
Which situation describes exponential growth?
A quantity starts at 1,000 and grows by 6% per year. What is the value after 1 year?
A function is . What type of function is this?
Fluency Practice
A town grows by 3% per year. Which function models the population after years, starting from 12,000?
Which phrase signals a constant PERCENT rate situation (exponential)?
A car worth $18,000 depreciates 12% per year. What is the decay factor?
Enter as a decimal (e.g., 0.88).
A culture of bacteria doubles every 4 hours. Starting with 500 cells, what is the growth factor per 4-hour period?
An exponential function has growth factor . What is the annual percent growth rate? Enter your answer as a whole number (e.g., 7 for 7%).
Mixed Practice
Which situation is a constant RATE (linear), NOT a constant percent rate?
An account balance triples every 10 years. Which function models the balance after years, starting at 2,000 dollars?
Convert each description to a growth or decay factor.
"Grows by 15% per year": factor = ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲
"Loses 30% per period": factor = ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲
"Halves every cycle": factor = ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲ ̲
A student claims: "Since has a factor less than 1, the quantity will eventually become negative." Is the student correct?
Why does "a population grows by 5% per year" lead to an exponential model rather than a linear model?
Word Problems
A radioactive substance has a half-life of 6 hours. The initial amount is 400 mg.
Write the exponential function for the remaining mass in mg after hours.
Enter the initial value and base as "a b" (e.g., "400 0.5" for ).
A town had 8,500 residents in 2020 and grows at 4% per year.
Write the exponential function for the population years after 2020. Enter as "initial_value growth_factor" (e.g., "8500 1.04").
To the nearest whole number, what is the predicted population in 2030 (when )?
Use .
Two investment accounts both start with $5,000. Account A earns $300 per year (simple interest). Account B earns 6% per year (compound interest).
In year 1, both accounts earn the same amount (since 6% of $5,000 = $300). Explain why Account B will pull ahead of Account A in future years, using the idea of constant percent rate.
Error Analysis
A student solved the following problem:
"A population of 10,000 grows by 5% per year. Write the function."
Student work:
What error did the student make?
A student solved the following problem:
"A quantity grows by 8% per year. Starting value is 200. Write the exponential function."
Student work:
What error did the student make?
Challenge
A substance decays at 15% per hour. A student says: "After 20 hours, the substance must be gone — 15% × 20 = 300%, which is more than 100%."
Is the student's reasoning correct? Explain why or why not, and find the actual remaining percentage after 20 hours.
A quantity doubles every 3 years. If the initial value is 50, write the growth factor per YEAR (not per 3-year period).
Use the fact that . Enter your answer rounded to four decimal places (e.g., 1.2599).