Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.
y = 42(1.04)x
Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.
y = 61(0.9)x
A new car is purchased for 16400 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be, to the nearest cent, after 10 years?
Bo invested $900 in an account paying an interest rate of 8.5% compounded continuously. Levi invested $900 in an account paying an interest rate of 8.78% compounded monthly. After 7 years, how much more money would Levi have in his account than Bo, to the nearest cent?
Find the inverse function.
Write the logarithmic equation as an exponential equation.
Write the exponential equation as a logarithmic equation.
103 = 1000
Evaluate:
Evaluate:
A new car is purchased for 20500 dollars. The value of the car depreciates at 14% per year. To the nearest tenth of a year, how long will it be until the value of the car is 7900 dollars?