1. P(t)=5.6(1.20)t a. Exponential Decay, 5.6%

b. Exponential Decay, 20%

c. Exponential Growth, 20%

d. Exponential Growth, 10%

2. Determine the exponential function that satisfies the given conditions. Initial value=500, increasing at a rate of 17% per year

a. 500(1.17)x

b. 500(1.017)x

c. 500(0.83)x

d. 500(0.983)x

3. The 2000 population of Jacksonville, Florida, was 736,000 and was increasing at the rate of 2.5% each year. At that rate, what will the population be in the year 2005??

4. Ryan’s motorcycle is now worth $2500. It has decreased in value 12% each year since it was purchased. If he bought it brand new, what will it be worth in 4 years?

5. A Honda Accord depreciates at 15% per year. Six years ago it was purchased for $21,000. What is it worth now?