5.

1 Review Worksheet Name ______________________________

Please complete each of the following problems on a separate sheet of paper. You will need a calculator
for some of the problems.

5.1.1 & 5.1.3 Applications of Exponential Functions

1. For each of the following use the given points to write an equation in the form y=abx

a. (2, 12) and (8, 768) b. (2, 16) and (6, 256)
2. For each of the following use the given points and the equation of the horizontal asymptote to write
an equation in the form y = abx +k

a.(2,-3) and (-3, 239) with a horizontal asymptote at y = -4

b.(-1, 3.25) and (1,4) with a horizontal asymptote at y = 3
3. The value of Sam’s car depreciates at a rate of 8% per year. The initial value was $22,000. What will his
car be worth after 12 years to the nearest dollar?
4. Rebecca is training for a marathon. Her weekly long run is currently 5 miles. If she increases her
mileage each week by 10%, will she complete a 20 mile training run within 15 weeks?
5. The value of homes in a neighborhood increases in value an average of 3% per year. What will a home
purchased for $180,000 be worth in 25 years to the nearest one thousand dollars?
6. The population of school age children in a community is decreasing at a rate of 2% per year. The
current population is 152,000. How many children were there 5 years ago?
7. In 2006, 80 deer were introduced into a wildlife refuge. By 2012, the population had grown to 180 deer.
The population was growing exponentially. Write an algebraic function N(t) representing the population
N of deer over time t.

𝑟
For problems 8-11, use the formula for compound interest: A=P(1+ 𝑛 )nt.

8. If $12,000 is invested at 4% annual interest compounded monthly, how much will the investment be
worth in 10 years? Give your answer to the nearest dollar.
9. If $8,000 is invested at 5% annual interest compounded semiannually, how much will the investment
be worth in 6 years? Give your answer to the nearest dollar.
10. If $20,000 is invested at 6% annual interest compounded quarterly, how much will the investment be
worth in 12 years. Give your answer to the nearest dollar.
11. How much of an initial investment is required to insure an accumulated amount of at least $25,000 at
the end of 8 years at an annual interest rate of 3.75% compounded monthly. Give your answer to the
nearest one hundred dollars.
Use the equation A=Pert to solve each of the following.
12. The value of Steve’s car decreases in value according to the exponential decay function: V=Pe−0.12t,
where V is the current value of the vehicle, t is the number of years Steve has owned the car and Pis the
purchase price of the car, $25,000.
a. To the nearest dollar, what will the value of Steve’s car be in 2 years?
b. To the nearest dollar, what will the value be in 10 years?

13. Naya invests $7500 in an account which accrues interest continuously at a rate of 4.5%.
a. Write an exponential growth function to model the value of her investment after t years.
b. How much interest does Naya earn in the first six months to the nearest dollar?
c. How much money, to the nearest dollar, is in the account after 8 years?

14. Jasmine invests $2,658 in a retirement account with a fixed annual interest rate of 9% compounded
continuously. What will the account balance be after 15 years?

15. Anjali invests a sum of money in a retirement account with a fixed annual interest rate of 6.79%
compounded continuously. After 20 years, the balance reaches $14,037.16. What was the amount of the
initial investment?

5.1.2 Equivalent Transformations

Rewrite each of the following expressions in the form abx