Question

Which situations are BEST modeled by an exponential function?

A)
The yearly depreciation of a car
B)
An investment compounded annually
The cost of screws sold by the pound,
D
The amount of sugar to make a pound of fudge,
E)
The annual growth rate of a city's population

Answer 1

Exponential functions are best modeled by situations that involve exponential growth or decay, such as the depreciation of a car, compounded investments, and the annual growth rate of a city's population.

Step-by-step explanation:

An exponential function is best modeled by situations that involve exponential growth or decay. In this case, the situations that are best modeled by an exponential function are:

1. The yearly depreciation of a car
2. An investment compounded annually
3. The annual growth rate of a city's population

Exponential functions have a constant base raised to a variable exponent, which results in a curve that grows or decays rapidly over time.