6. Write an exponential function (in function notation) for each of the following situations described below. a. A population begins with 1000 members and doubles every 12 years. b. A commercial property is initially worth $120,000 loses 23.5% of its value every 2 years. c. An investment worth $3000 grows by 30% every year.

Algebra and Trigonometry (6th Edition)
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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6. Write an exponential function (in function notation) for each of the following situations described below.

a. A population begins with 1000 members and doubles every 12 years.

b. A commercial property is initially worth $120,000 and loses 23.5% of its value every 2 years.

c. An investment worth $3000 grows by 30% every year.

d. A population of 15,000 grows continuously at a rate of 2.5% per year.

e. You buy a house for $350,000 and its value declines at a continuous rate of -9.02% per year.
Transcribed Image Text:6. Write an exponential function (in function notation) for each of the following situations described below. a. A population begins with 1000 members and doubles every 12 years. b. A commercial property is initially worth $120,000 and loses 23.5% of its value every 2 years. c. An investment worth $3000 grows by 30% every year. d. A population of 15,000 grows continuously at a rate of 2.5% per year. e. You buy a house for $350,000 and its value declines at a continuous rate of -9.02% per year.
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