The population of a town is growing exponentially and can be modeled by the equation . The population is measured in thousands, and time is measured in years since 1950.
What was the population of the town in 1950?
What is the approximate percent increase in the population each year?
According to this model, approximately what was the population in 1960?
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Problem 2
Student Task Statement
The revenue of a technology company, in thousands of dollars, can be modeled with an exponential function whose starting value is $395,000, where time is measured in years after 2010.
Which function predicts exactly 1.2% of annual growth: or ? Explain your reasoning.
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Problem 3
Student Task Statement
How are the functions and given by and similar? How are they different?
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Problem 4
Student Task Statement
An investment is worth $100 and grows in value by 4 percent each year. Explain why the value of the investment after years is given by .
A second investment is worth $100 and grows in value by 2 percent each half year. Explain why the value of the investment after years is given by .
A third investment is worth $100 and grows in value by 4 percent per year, but the interest is applied continuously, at every moment. The value of this investment after years is given by . Order the investments from slowest growing to fastest growing. Explain how you know.
The expression models the amount of a radioactive substance, in nanograms, in a sample over time in decades, . (1 nanogram is a billionth, or , of a gram.)
What do the 5 and the tell us in this situation?
When will the sample have less than 0.5 nanogram of the radioactive substance? Express your answer to the nearest half decade. Show your reasoning.
Show that only about 5 picograms of the substance will remain one century after the sample is measured. (A picogram is a trillionth, or , of a gram.)