In the year 2000, the average home price in the city of Troy was $210,000.

A study showed that prices were increasing

at a rate of 4.3% each year.

1. Create a function that models the average home cost in Troy. Be sure to define your variables.

2. Using the model you created, predict the average cost of a home in Troy in 2020.

3. Using the model, what was the average cost of a home in 1990?

4. Assuming the rate of change continues, use two different methods to find the year in which the home prices
exceed $400,000. Show all work.
 Solutions by Graphing

The average starting salary for an electrical engineer in 2020 is $120000 and is increasing at 2.8% each year. How many
year until the salary is $150000?

Using Desmos, solve each of the following:

5. The number of students in the Troy School District is currently 9500 and is increasing at a rate of 1.2% each year.
If that rate continues, how many years until the district has 12000 students?

6. The average cost of a 55 inch TV is currently $750 and is decreasing at a rate of 6.5% each year. How long until
the cost is only $400?
 Introduction to Logarithms

Solve each of the following equations:

1
(2)𝑥 − 50 = −42 (3)𝑥 + 1 = 6
4

Solving for: ax = b

EXPONENTIAL FORM LOGARITHM FORM

What does a log mean?

1
log10 1000 log 3 9 log1/2 log 2 − 8
32

1
log 7 7 log 3 log 6 ( −36 ) log x x 2
27
Solving exponential equations using logarithms:

Rewrite in log form:

10x = 5000 3x = 12 e x = 912

Solve log2(50) on calculator

logBASE no logBASE

Functions on the Calculator:

Log Ln

Now Try:

1
(10 ) − 1250 = 5000 4 ( e ) − 12 = 60
x x

20