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Exponential Growth and Decay
Exponential Growth and Decay
and Decay
Base is Constant
Exponent is the Independent
Variable
Asymptote
Line will get closer and closer to the x-axis but never
reaches it because 2x cannot be zero
Graphing Exponential Functions
Step 3: Use the graph to estimate the year when there were 30
million hosts.
2. You buy a new car for $24,000. The value y of the
car decreases by 16% each year.
Step 1: Write a function to model the value of the car. Use the
model to estimate the value after 2 years.
Step 3: Use the graph to estimate when the value of the car will
have a value of $12,000.
Compound Interest Formula
Number of Years
Annual Interest Rate
Amount in account
n t
r
after t years.
A P 1
n Number of times
compounded per
Initial principal year.
deposited in an
account.
1. You deposit $1,000 in an account that pays 8% annual
interest. Find the balance after 1 year if the interest is
compounded with the given frequency.
a. Annually
a. Quarterly
a. Daily
2. You deposit $1,600 in a band account. Find the
balance after 3 years if the account pays 2.5%
annual interest compounded monthly.