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A2 8.2 HW Solve Exponential Equations
A2 8.2 HW Solve Exponential Equations
A2 8.2 HW Solve Exponential Equations
Example 2
7. INTEREST Bianca invested $5000 in an account that pays 5% annual interest.
a. Write a function that represents the value in Bianca’s account y after x years.
b. After how many years will the value in Bianca’s account be $25,000? Round to the nearest
tenth if necessary.
8. POPULATION In 2000, the world population was calculated to be 6,071,675,206. The world
population increases at a rate of 1.2% annually.
a. Write a function that represents the world population y after x years.
b. In what year will the world population be 8,000,000,000? Round to the nearest year
if necessary.
Example 3
9. BANKING Siobhan deposits $1200 into a savings account that pays 5.2% annual interest
compounded monthly. What will be the balance after 4 years? Round to the nearest cent.
10. CHECKING Maya deposits $5000 into a checking account that pays 0.75% annual interest
compounded monthly. What will be the balance after 8 years? Round to the nearest cent.