Algebra I - Applications of Exponential Equations Review

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years? ROUND TO THE NEAREST CENT (2 DECIMAL PLACES IN ANSWER)

The number of mosquitoes at the beginning of the summer was 4,000. The population of mosquitoes is expected to grow at a rate of 25% a month. How many mosquitoes will there be after 4 months? ROUND TO THE NEAREST WHOLE NUMBER.

You purchased a car for $14,975. 

The value of the car DECREASES at a rate of 11.2% per year. 

What is the value of the car in 5 years?

ROUND TO THE NEAREST CENT (2 DECIMAL PLACES IN ANSWER)

Heather

invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest

compounded annually. What is the value of the CD at the end

of the 4 years?

ROUND TO THE NEAREST CENT (2 DECIMAL PLACES IN ANSWER)

Zach's parents put $1,500 in his bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

ROUND TO THE NEAREST CENT (2 DECIMAL PLACES IN ANSWER)

Treasure won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years? ROUND TO THE NEAREST CENT (2 DECIMAL PLACES IN ANSWER)