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

1 Answer

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Answer:

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

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