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Applications of Compound Interest - Growth and Decay

Interactive practice questions

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


Identify what type of function this is:

Exponential growth


Exponential decay


What is the rate of growth?

Approx a minute

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

The local rodent population, numbering approximately $840$840, is decreasing at a rate of $4%$4% per year.

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

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