Guided Practice — Linear & Exponential Which of the following best describes the

Growth relationship between time and the observable

population of lizard during the eighteen weeks?
(Answers & explanations begin on page 404).
(a) Increasing linear
1. Which of the following functions would
(b) Decreasing linear
describe the total amount, A, a bank
(c) Exponential growth
customer would receive, in dollars, on a
(d) Exponential decay
deposit of $10,000 at an annual percentage
rate of 15% compounded annually for r 5. The rule of 72 is a method of
years? approximation based on the compound
interest formula to determine how long an
A) A =10 ,000(1 .015)' amount will take to double, given a fixed
annual rate of interest. By dividing 72 by
B) A = 10 ,000(11 .5' )
the annual rate of return, investors can
C) A=10 ,000(I+ .15)' roughly estimate the number of years it
will take for the initial amount to double.
D) A=10,000(0.15)' Approximately how many years will it
take for an initial amount of $240 to
2. Which of the following statements is not
accrue enough interest to become $480 at a
an example of exponential growth?
fixed annual interest rate of 6%?
A) Every year, the amount of interest A) 6
earned at a fixed rate during that year is B) 8.33
added to the principle. C) 12
B) Every year, the amount of amount of D) 72
money which earns interest increases by 6. The chart below display the number of
the amount of interest earned the previous bacteria observed in a sample.
year. Expected Number of Bacteria
C) Every year, the principle increases
based on the amount of interest accrued Time of Number of
from the previous year. Observation Bacteria
D) Every year, the amount of money 2:00 PM 100,000
added to the account is constant. 2:30 PM 150,000
3. Which one of the following sequences
would be considered an example of 3:00 PM 225,000
exponential growth? 3:30 PM
A)
The bacteria’s method of reproduction
B)
leads to exponential growth. What is the
C)
expected number of bacteria at 4:00 PM?
D) 4,8,12,16,20
A) 300,000
4. The population of lizards in a park is
observed over the course of eighteen B) 337,500
weeks as shown in the table below C) 375,000
Lizard Population D) 506,250
Week of Number of The next two questions refer to the
Observation Lizards Observed information below:
Initial Population 250
Week 3 220 The formula below is used for estimating
Week 6 190 the growth of a certain colony of bacteria
Week 9 160 based on the number of bacteria initially in
Week 12 130 the sample;
Week 15 100 Nnow
Nnow+20=Nnow+0 . 7 NNow (1− )
Week 18 70 k
7. If N now =10,000 and k=50,000, what is N What is the percent increase added to the
now + 20, the number of bacteria twenty population each year?
minutes from now? A) 50%
A) 13,500 B) 37.5%
B) 15,600 C) 33%
C) 18,400 D) 25%
12. Tow banks offer the same interest rate on
D) 19,700
deposits. One bank compounds annually
8. What will be the value of K if the desired
and the other compounds semiannually.
number of bacteria at the end of 20
Which formula below would be used to
minutes (N now + 20 ) is 14,200 and the
calculate the difference, Ap, between the
initial number 10,000?
total value of an account compounded
A) 25,000
semiannually versus annual compounded
B) 30,000
on an initial amount of P dollars at rate f
C) 35,000
percent for t years?
D) 4

(( ) )
1
9. An investor earned 100% annually on her 2
investment in a strong performing business Ap= p 1+ 2 −(1+r )'
and reinvested her earnings into that A)
r
business. Which of the following choices 1
describes the growth of the amount she B) Ap= p.r − p.r .t

(( )
2r 2r
)
originally invested?
A) the amount will double every year Ap= p 1+ −(1+r )'
B) the amount will be 100 times larger C)
2

each year
C) the amount will be unchanged each
year
D) the amount will be $100 greater each
year
10. Which of the following equations below
describes the amount of interest that would
be lost as a result of the interest rate on an
annually compounded account decreasing
from 9% to 7%?
A) A = P(I — 0.2)`
(( ) )
r 2'
Ap= p 1+ −(1+r)2
D)
2
13. One bank in town has a promotion to
attract new savings accounts. The hank
offers three different levels of
compounding interest, depending on how
much is deposited. All three levels set the
savings rate of interest to the same percent
as the number of times per year the
account is compounded. The highest rate is

B)
A=P 1+
(( ) (9
10
− 1+
7
100 )) compounded monthly. If an annual
compounding would result in the rate of I
% and a semiannual compounding would
C) P(1.2)' set the savings rate equal to 2%, which
D) A = P(0.8)’ general formula below would describe the
11. In a wildlife refuge, the number of prairie amounts in each of three accounts if n is
dogs is observed over a four year period. the number of times the interest is
The initial population, observed the first compounded per year?
year as 16,000, and each succeeding year A) A=2nt P A=2ntP
is recorded in the table below. B) A = 1.21ntP
Prairie Dog Observation C) A=P(1+n)2nt
Year of Number of D) A = P(1.01)nt
observation prairie Dogs
Observed
1 16,000

2 20,000

3 25,000

4 31,250
Student produced Response - Calculator
25 125 625 3 ,125
, , ,
1. 9 27 81 243
In the above sequence of exponentially
increasing numbers, what is the common
ratio that is being raised to increasing
integer powers?
2. The chart below displays the observed
number of perch in an underwater wildlife
preserve over the course of three years.
Perch Population Over Time
First Observation 4,290
I year after first 4,590
observation
2 years after first 4,912
observation
3 years after first 5,255
observation
What is the annual percentage growth of
the number of perch in the underwater
preserve during the three recorded years,
to the nearest whole percent? (Ignore the
percent symbol when entering your
answer.)
3. During the first year of life, a certain
species of panda increases its weight by
40% every six months. By what percent
will the panda have increased its weight
after I year?
4. Exponential growth has been observed in a
certain species of rabbit at a wildlife
preserve as summarized in the chart below.
Wildlife Preserve Rabbit Population
Year of Number of Prairie
Observation Dogs Observed
1 1,600
2 2,000
3 2.500
4
At the rate deduced from the chart, what
would be the expected number of rabbits
in the fourth year?
5. Mark was looking at the chart shown
below of the annually reported amounts
for an account into which he had invested
$40,000.
Account Balance Over Time
Year Amount
0 (Initial Amount) $ 40,000
1 $ 43.200
2 $ 46,656
What is the annual percentage rate of
growth, based on annual compounding?
6. A scientist discovers a new element. When
he exposes 48 grams of the element to
oxygen, a chemical reaction happens and
the amount of the element remaining
decreases by 0.6g per second. When he
exposes 48 grams of the element to
hydrogen, a chemical reaction happens and
the amount of the element remaining
decreases by half of itself every I 2
seconds. I low many more grams are left
of the oxygen-exposed element than the
hydrogen-exposed element after one
minute?
7. Two competing astrophysicists have each
created a computer model that can
discover new stars in the universe beyond
the Milky Way. The first astrophysicist's
model found I 0 new stars on the first day
and, every day after, finds twice as many
new stars as the previous day. The second
astrophysicist's model found 200 new stars
on the first day and, every day after, finds
125 more new stars than the previous day.
Flow many more stars does the first
astrophysicist find than the second
astrophysicist on Day 10?