Exponential Function Word Problems
1. 4.
A company’s average annual salary The rent of a residential property increases
increases by 5% per year due to inflation by 2% every 9 months due to a steady
and performance increments. If the increase in the cost of living. What will be
average annual salary was 50,000$ in 2009. the rent, R(x), in dollars, after x years?
What will be average annual salary, s(x), in
dollars, x years after 2009? A) R(x) = 1000(1.02) 9x
B) R(x) = 1000(1.02) x/9
A) s(x) = 50,000(1.5) x C) R(x) = 1000(1.02) 3x/2
B) s(x) = 50,000(5) x D) R(x) = 1000(1.02) 4x/3
C) s(x) = 50,000(0.05) x
D) s(x) = 50,000(1.05) x
5.
2. The value of a commercial property
A freelancer increases their hourly rate by decreases by 1.7% annually due to
10% every 6 months due to gaining depreciation in a low demand area. What
experience. What will by hourly rate, h(x), will be the predicted value, V(x), in dollars,
after x years? after x years?
A) h(x) = 45(1.2) x A) V(x) = 500,000(1.17) x
B) h(x) = 45(2.2) x B) V(x) = 500,000(1.017) x
C) h(x) = 45(1.1) 2x C) V(x) = 500,000(0.83) x
D) h(x) = 45(1.1) x/2 D) V(x) = 500,000(0.983) x
3.
!"
𝑃(𝑥) = 250,000(1.03) # 6.
The given function, P(x), shows growing A city’s population increases by 2.1% for
price of a house in a suburban area due to every 3 years after 2008 due to
market demand x years after 2002. If the urbanization. What will be the predicted
price increased by 3% for every m months population, P(x), x years after 2008?
after 2002, what is the value of m?
A) P(x) = 2,000,000(1.0021) 3x
B) P(x) = 2,000,000(1.021) 3x
C) P(x) = 2,000,000(1.021) x/3
D) P(x) = 2,000,000(1.21) x/3
7. 11.
A species’ population declines by 7% Health insurance premiums increased by
annually due to habitat loss. What will be 3% annually after 2013 due to rising
population, P(x), after x years? healthcare cost. If the insurance were
A) P(x) = 100,000(1.7) x 4000$ in 2015, what will be the cost, C(x),
B) P(x) = 100,000(1.07) x x years after 2013?
C) P(x) = 100,000(0.3) x A) C(x) = 4000(1.03) 2x
D) P(x) = 100,000(0.93) x B) C(x) = 4000(1.03) x/2
C) C(x) = 4000(1.03) x-2
8. D) C(x) = 4000(1.03) x+2
Textbook costs grow by 2.8% every 3
months due to printing and production
costs. What will be cost, C(x), in dollars,
after x years? 12.
A) C(x) = 95(1.028) 4x The price of a car decreases by 15%
B) C(x) = 95(1.028) x/4 annually due to wear and tear. If the initial
C) C(x) = 95(1.028) 3x price of the car was 34,000$, what was the
D) C(x) = 95(1.028) x/3 predicted price, P(x), in dollars, after x
years?
A) P(x) = 34,000(1.15) x
9. B) P(x) = 34,000(1.015) x
#"
𝐹(𝑥) = 20,000(1.08) $ C) P(x) = 34,000(0.85) x
The given function, F(x), shows tuition fee D) P(x) = 34,000(0.985) x
rise due to inflation and increased
operational costs x years after 2010. How
much, in percent, the fee increased for 13.
every 56 months after 2010? The price of a smartphone is 950$. The
price decreases 5% every 4 months due to
technology obsolescence. What will be the
10. predicted price, P(m), in dollars, after m
A certain Hospital charges was 15,000$ in years?
2011. Hospital charges grow by 5% A) P(m) = 950(1.05) 4m
annually due to inflation and medical B) P(m) = 950(1.05) m/4
advancements. What was the charges in C) P(m) = 950(0.95) 3m
2014, in dollars? D) P(m) = 950(0.95) m/3
(Round your answer to the nearest whole
number)
14.
There was 100,000$ investment on stock
market, in 2015. For the first three years it
grows 5% annually, then investment
portfolio grows 8 percent for every 6
months after 2018. What will be the value
of investment, I(x), in dollars, x years after
2015?
A) I(x) = 115,762(1.08) (x-3)/2
B) I(x) = 115,762(1.08) 2(x-3)
C) I(x) = 100,000(1.05)3(1.08) x
D) I(x) = 115,762(1.08) 2x
15.
The income of a company increased by
12% every year after 2010. If the income
was 460,000$ in 2012, what will be the
predicted income, I(x), in dollars, x years
after 2010?
A) I(x) = 460,000(1.12) x
B) I(x) = 366,709(1.12) x
C) I(x) = 460,000(1.12) x + 2
D) I(x) = 366,709(1.12) x + 2
1. D
2. C
3. 18
4. D
5. D
6.C
7. D
8. A
9. 16.64
10. 17,364
11. C
12. C
13.C
14. B
15. B
