12 multiple-choice questions, progressively harder.
A car's value drops by 15%15\%15% each year. What is the annual decay factor?
Solution
Correct answer: C
Losing 15%15\%15% of the value means keeping the other 85%85\%85%, so one year multiplies the value by 1−0.151 - 0.151−0.15.
b=1−0.15=0.85b = 1 - 0.15 = 0.85b=1−0.15=0.85
The rate here is r=−0.15r = -0.15r=−0.15, but the factor you multiply by is 0.850.850.85.
An exponential model has growth factor 1.091.091.09. What is the growth rate?
Correct answer: B
The factor is b=1+rb = 1 + rb=1+r, so the rate is recovered by subtracting 111.
r=b−1=1.09−1=0.09r = b - 1 = 1.09 - 1 = 0.09r=b−1=1.09−1=0.09
A decimal rate of 0.090.090.09 is 9%9\%9% per step.
An exponential model has decay factor 0.720.720.72. By what percent does the quantity decrease each step?
Correct answer: A
Subtract 111 from the factor to get the rate.
r=0.72−1=−0.28r = 0.72 - 1 = -0.28r=0.72−1=−0.28
A rate of −0.28-0.28−0.28 is a 28%28\%28% decrease. The number 72%72\%72% is what is left behind, not what is lost.
Which model describes exponential decay?
Correct answer: D
With a positive starting amount, the model decays exactly when the factor sits strictly between 000 and 111, since each step then multiplies by less than one.
0<0.8<10 < 0.8 < 10<0.8<1
The factors 1.21.21.2 and 222 are greater than 111, so those models grow, and a factor of 111 leaves the amount unchanged forever.
An investment of 1200 dollars grows at 5%5\%5% per year, compounded annually. Which model gives the balance after ttt years?
The starting amount is the coefficient and the growth factor is the base. A rate of 5%5\%5% means r=0.05r = 0.05r=0.05, so the factor is
b=1+0.05=1.05b = 1 + 0.05 = 1.05b=1+0.05=1.05
which gives A=1200(1.05)tA = 1200(1.05)^tA=1200(1.05)t. Using 0.050.050.05 as the base would destroy 95%95\%95% of the money every year.
A quantity starts at 777 and doubles every step. Which model gives the amount after ttt steps?
Doubling is a growth factor of 222, and the starting amount 777 is the coefficient that multiplies the power.
A=7(2)tA = 7(2)^tA=7(2)t
Check it at t=0t = 0t=0: the amount is 7⋅20=77 \cdot 2^0 = 77⋅20=7, the starting value. Swapping the 777 and the 222 would start the model at 222 instead.
A culture of 200200200 bacteria triples every hour. How many bacteria are there after 222 hours?
Tripling is a growth factor of 333, applied once each hour, so two hours multiply by 323^232.
200(3)2=200⋅9=1800200(3)^2 = 200 \cdot 9 = 1800200(3)2=200⋅9=1800
The count runs 200→600→1800200 \to 600 \to 1800200→600→1800. Stopping at 600600600 counts only one hour.
A quantity increases by 3.5%3.5\%3.5% per year. What is the annual growth factor?
Write the percent as a decimal first: 3.5%=0.0353.5\% = 0.0353.5%=0.035. Then add 111.
b=1+0.035=1.035b = 1 + 0.035 = 1.035b=1+0.035=1.035
The factor 1.351.351.35 would be a 35%35\%35% increase, ten times too large.
Which sentence describes the model A=600(0.94)tA = 600(0.94)^tA=600(0.94)t?
Subtract 111 from the factor to read off the rate.
r=0.94−1=−0.06r = 0.94 - 1 = -0.06r=0.94−1=−0.06
The negative sign says the quantity falls, and the size 0.060.060.06 says it falls by 6%6\%6% each step. The 94%94\%94% is the portion that survives.
An account holds 400 dollars and earns 4%4\%4% per year compounded annually. What is the balance after 222 years?
The growth factor is 1+0.04=1.041 + 0.04 = 1.041+0.04=1.04, applied once for each of the two years.
400(1.04)2=400(1.0816)=432.64400(1.04)^2 = 400(1.0816) = 432.64400(1.04)2=400(1.0816)=432.64
The answer 432432432 dollars comes from adding 161616 dollars twice, which forgets that the second year's interest is earned on 416416416 dollars, not on 400400400.
A 646464-gram sample has a half-life of 666 days. How much remains after 181818 days?
First count the half-lives: 181818 days divided by a 666-day half-life is 333 of them.
64(12)18/6=64(12)3=648=864\left(\tfrac{1}{2}\right)^{18/6} = 64\left(\tfrac{1}{2}\right)^{3} = \frac{64}{8} = 864(21)18/6=64(21)3=864=8
The sample runs 64→32→16→864 \to 32 \to 16 \to 864→32→16→8 grams.
In the model A=P b tA = P\,b^{\,t}A=Pbt with P>0P > 0P>0 and b>0b > 0b>0, the quantity grows when:
Each step multiplies the current amount by bbb, so the amount rises exactly when that multiplier is bigger than 111.
b>1⟹P b t+1>P b tb > 1 \quad \Longrightarrow \quad P\,b^{\,t+1} > P\,b^{\,t}b>1⟹Pbt+1>Pbt
A factor between 000 and 111 shrinks the amount, and b=1b = 1b=1 leaves it fixed.
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