Exponential Growth and Decay Word Problems
1. The world population in 2000 was approximately 6.08 billion. The annual rate of
increase was about 1.26%.
a. Find the growth factor for the world population.
b. Suppose the rate of increase continues to be 1.26%. Write a function to model
the world population
c. Let x be the number of years past the year 2000. Find the world population in
2010.
2. A computer valued at $6500 depreciates at the rate of 14.3% per year
a. Write a function that models the value of the computer.
b. Find the value of the computer after three years
3. The population of a certain animal species decreases at a rate of 3.5% per year.
You have counted 80 of the animals in the habitat you are studying.
a. Write a function that models the change in the animal population.
b. Graph the function. Estimate the number of years until the population first
drops below 15 animals
4. Write an exponential function to model each situation. Find the value of each
function after five years.
a. A $12,500 car depreciates 9% each year
b. A baseball card bought for $50 increases 3% in value each year.
5. A new car that sells for $18,000 depreciates 25% each year. Write a function that
models the value of the car. Find the value of the car after 4 years.
6. A new truck that sells for $29,000 depreciates 12% each year. Write a function that
models the value of the truck. Find the value of the truck after 7 years.
7. The bear population increases at a rate of 2% per year. There are 1573 bear this
year. Write a function that models the bear population. How many bears will there
be in 10 years?
8. An investment of $75,000 increases at a rate of 12.5% per year. Find the value of
the investment after 30 years.
9. The population of an endangered bird is decreasing at a rate of 0.75% per year.
There are currently about 200,000 of these birds. Write a function that models the
bird population. How many birds will there be in 100 years
10.
Identify exponential growth or exponential decay in each equation and the %
of growth or decay.
a.
y 72(1.6) x
b.
y 24(0.8) x
c.
2
y 7
3
d.
y 200(2.1) x