Exponential Word Problems A A0 b t k • What do each of the variables stand for? • When do we use this equation? What are some of the key words? Examples 1) 200kg of Uranium is stored in a nuclear waste facility. If the half-life of Uranium is 2000 years, how much Uranium will remain radioactive after 500 years? 10000 years? 2) A certain bacteria reproduces in a such a way that it doubles its population every 4 hours. If 250 are present now, how many bacteria will there be in 3 hours? 6 hours? A P 1 r t • What do the variables stand for? • When do we use this equation? What are some of the key words? Examples 1) On average, colleges and universities in the U.S. have raised tuition by 6.3% a year since 1958 (www.finaid.com). If the cost to attend ____________ is _____________ per year now, how much will it be to send your kids in 28 years? How much would it have cost your parents to attend the same university 24 years ago? ***Sample tuitions at present (www.collegeboard.com) University of Pennsylvania $36,000 Penn State University $13,000 (in-state) Millersville $8,000 (in-state) Notre Dame $35,000 University of Virginia $25,000 3) The rate at which caffeine is eliminated from the bloodstream of an adult is 15% of the original amount per hour. An adult drinks a soda and the caffeine reaches a peak level of 30 milligrams. Predict how much will remain in his body after 1 hour? 4 hours? r A P 1 n nt • What do each of the variables stand for? • When do we use this equation? What are some of the key words? Examples 1) When John was 8 years old his grandparents gave him a $2,000 investment. The investment is in a mutual fund that earns 8% interest compounded quarterly. How much will the investment be worth when John goes to college at age 18? How much would the investment be worth when John retires at age 65? 2) A couple inherits $20,000 and they decide to invest it to pay for their child’s education. If the money is invested in an account that pays 7% interest compounded monthly, how much will they have when their child goes to college in 20 years? A Pe rt • What do each of the variables stand for? • When do we use this equation? What are the key words? Examples 1) A person charges $5,000 on a credit card that charges 18.99% interest compounded continuously. How much will the person owe (not including late charges) if he does not pay back the loan for 3 years? 2) A man takes out a loan for $10,000 that charges 6.99% interest compounded continuously. How much will the man owe in 5 years?