PCH 3.4 Applications WKST
PCH 3.4 Applications WKST
PCH 3.4 Applications WKST
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Honors PreCalculus-Section 3.4 Applications
t Directions: Please solve algebraically. You may use your calculator to find the final answer, rounded to
the nearest hundredth. Then, check your answer by solving graphically.
l. If Joelle invests $8000 into a retirement account with a 9.5% interest rate compounded monthly, how
long will it take until the amount doubles in value?
2. How long will it take for an investment that is compounded continuously to: a) double its original
value? b) triple its original value?
3. Toe population of Centerville in the year 1910 was 4200. Assume the population increased at a rate
of 2.25% per year.
a) Estimate the population in 1930.
b) Predict when the population reached 20,000.
4. The number of rabbits in CarrotLand doubles every month. There are 15 rabbits initially.
(a) Write the equation for the number of rabbits as a function of time, t.
(b) How many rabbits after 1 year?
(c) When will there be 10,000 rabbits? (round to nearest hundredth)
5. The half-life of a certain radioactive substance is 8 minutes. There are 7 grams initially. When will
there be less than 1.5 grams remaining? (Round to nearest hundredth) .
• 6. In a Federal Wildlife Preserve, the population of bears after t years is modeled by the function:
P(t) = 300
1+ 19e-0·3'
(a) What is the initial population?
(b) What is the population after 5 years?
( c ) When will the population be 150?
(d) What is the largest the bear population can become? Explain.
9._ J~k !s an actuary wor~g for a corporate pension fund. He needs to have $14.6 million grow to $22
nulhon m 6 years. What mterest rate compounded annually does he need for this investment?
10. pop~ation of Preston is 89,000 and is decreasing by 1.8% each year. Predict when the
population will be 50,000. ··
.• !f
11. Juan invests $12,50_0 i~to a retirement account with an 9% interest rate compounded
~ntll)llously, how long will 1t take for this amount to grow to triple its value?
ANSWERS:
1. t=7.33 years ( since .33* 12 = 3.9 months you would be about to take out double what you put in in 7
years and 4 months since it is compounded monthly)
In =
2 . a) - 2 t b) In 3 = t
r r
4. a) A= 15(2)t where tis in months b) 61,440 rabbits c) t 9.381 months (during 9th
month)
9. T .071