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3.03 Applications of exponential functions

Interactive practice questions

Consider the function $y=0.68\left(1.6\right)^x$y=0.68(1.6)x.

a

Identify what type of function this is:

Exponential growth

A

Exponential decay

B
b

What is the rate of growth?

Easy
1min

Consider the function $y=0.98\left(0.2\right)^x$y=0.98(0.2)x.

Easy
< 1min

Luigi purchased a sculpture for $\$2900$$2900, and it is expected to increase in value by $9%$9% per year.

Easy
3min

Due to favorable market conditions, a company's annual costs are expected to decrease by $5%$5% per year for the next few years. Their annual costs for the current financial year are $\$322000$$322000.

Easy
2min
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