Question

Write a exponential growth word problem and a exponential decay word problem

Answer 1

Explanation:

Growth:

You put 100 dollars into a fund which accumulates at a rate of 5% per annum. How much will be in the fund at the end of 10 years (to the nearest cent)?

answer: 100(1.05)¹⁰=162.89

Decay:

You buy a car for 10,000, and each year its value decreases by 5%. What is the car worth 10 years from now (to the nearest cent)?

answer: 10000(.95)¹⁰=5987.37