I need Question No: 2 Just Exponential Word Problems: Growth & DecayGrowth Formula: y = a (1 + r)Decay Formula: y = a (1- r)where a = original number; r= rate (% in decimal form); t= time periods%3DWrite an exponential function to model pach situation. Find each amount at the endof the specified time. Round your answềrs to the nearest whole number.1. A town with a population of 5,000 grows 3% per year. Find the population at the end of10 years.2. Amy makes an initial investment of $5000. The investment loses 13.5% each year.Find the amount Amy has at the end of 8 years.3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compoundedannually. Find the account balance after 5 years.4. Suppose the account in #3 above paid interest quarterly instead of annually. Find theaccount balance after 5 years.5. The population of Boomtown is 475,000 and is increasing at a rate of 3.75% each year.When will the population exceed 1 million people (to the nearest year)?6. The population of Leavetown is 123,000 and is decreasing at a rate of 2.375% eachyear.When will the population of Leavetown drop below 50,000 (to the nearest year)?What will the population of Leavetown be 100 years from now?

Name: I need Question No: 2 Just Exponential Word Problems: Growth & DecayGr
Uploaded: 2024-03-20T06:46:14.000Z
Channel: Bartleby
Description: I need Question No: 2 Just Exponential Word Problems: Growth & DecayGrowth Formula: y = a (1 + r)Decay Formula: y = a (1- r)where a = original number; r= rate (% in decimal form); t= time periods%3DWrite an exponential function to model pach situatio