WP - Ch 5/Ch 6 Review Name 1 The 2000 Census estimates the population of Scranton SC at approximately 942 people If this small town grows at a rate

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Ch. 5/Ch. 6 Review Name: 1. The 2000 Census estimates the population of Scranton, SC at approximately 942 people. If this small town grows at a rate of .003 % per year, predict the population of Scranton in the year 2025. In what year will Scranton consist of about 10,000 people? 2. After 3 cups of coffee, the amount of caffeine in your blood is 250 mg, which will decrease by 12% every hour. How much caffeine is still in your blood after 2 hours? How long will it take for the caffeine to drop to 100 mg? 3. The price of a house increased from $150,000 to $250,000 over a 15-year period. Create an exponential model for the price of the house, P , as a function of time t in years. How much is the home worth after 100 years? 4. Your place of work offers an IRA at a 3.25% APR, and you decide to deposit $15,000. If you plan to retirement in 25 years, how much will the IRA contribute to your retirement? 5. Amanda’s parents invested $10,000 in a 529 College Savings Plan when she was 7 years old.
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This note was uploaded on 06/13/2011 for the course MATH 111 taught by Professor Hitchcock during the Fall '08 term at South Carolina.

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WP - Ch 5/Ch 6 Review Name 1 The 2000 Census estimates the population of Scranton SC at approximately 942 people If this small town grows at a rate

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