1.   Which equation represents exponential decay?
    A. y = 1.05(0.95)x B. y = 1.7(1.06)x
    C. y = 2.62(1.22)x D. y = 0.86(1.46)x
    Hint

  2.   Twyla puts $1000 in a savings account that pays 4% interest, compounded monthly. How much money will be in the account 3 years later if she makes no more deposits?
    A. $1124.86 B. $1120.00
    C. $1127.27 D. $1010.03
    Hint

  3.   Lance is planning to invest $5000 for a period of 3 years. He has a choice of four different investments. Which of the combinations of interest rates and compounding below will earn the most money?
    A. 7.1%, monthly B. 7.125%, quarterly
    C. 7.2%, annually D. 7%, daily
    Hint

  4.   Nancy invests $100 in one account for ten years at a 9% interest rate compounded annually, and she invests $150 in an account for 10 years at a 6% interest rate compounded semi-annually. How much money will she have in the accounts after 10 years?
    A. $507.65 B. $270.92
    C. $505.36 D. $236.74
    Hint

  5.   Suppose Tyler sprayed around the house for ants. Which formula would be used to find the number of ants still alive after a certain time if the number of ants was changing exponentially?
    A. cannot be determined from given information B. exponential decay
    C. compound interest D. exponential growth
    Hint



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