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              Directions: Read carefully. 
               
             
            
              
                
                  
                    1.  | 
                    Given the equation:  y = 50(1.15)x 
                      
                        a) Does this equation represent exponential growth or decay? 
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                          b) What is the initial value? 
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                         c) What is the rate of growth or decay?
                             
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                    d) What is the value of y (to the nearest tenth), when x = 3?
                     
                      
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                    2.   | 
                    A citrus orchard has 180 orange trees. A fungus attacks the trees. Each month after the attack, the number of living trees is decreased by one-third. If x represents the time, in months, and y represents the number of living trees, which graph best represents this situation over 5 months? 
                     
                      
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                    3.   | 
                    
                      A flu outbreak hits your school  on Monday, with an initial number of 20 ill students coming to school. The number of ill students increases by 25% per hour.  
a) This situation is an example of:
                                                 
                      
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                        b) Which function models this Monday flu outbreak?  
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                          c) How many students will be ill after 6 hours? 
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                    4.   | 
                     
                      A total of 50,000 contestants participate in an Internet on-line survivor game. The game randomly kills off 20% of the contestants each day. 
                         a) This situation is an example of: 
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                        b) Which function models this game? 
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                          c) How many contestants are left in the game at the end of one week? 
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                    5.   | 
                    A new sports car sells for $35,000. The value of the car decreases by 18% annually. Which of the following choices models the yearly value of the car since its purchase? 
                       
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                    6.   | 
                    
                      At the end of last year, the population of Jason's hometown was approximately 75,000 people. The population is growing at the rate of 2.4% each year. 
                      a) Which function models the grow of this city? 
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                      b) How many years will it take for  the population to reach 100,000 people? 
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                    7.   | 
                    Iodine-131 is a radioactive isotope used in the treatment of thyroid conditions. It has a half-life of 8 days. Half-life is the amount of time it takes for half of the substance to decay (disappear). If a patient is given 20 mg of iodine-131, how much of the substance will remain in the body after 32 days? 
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                    8.   | 
                    
                      Geometric sequences are created by multiplying the prior term by a constant value, called the common ratio. This common multiplication occurring at each step can be viewed as a "growth factor", similar to what we have seen in exponential growth.  
                                              3, 9, 27, 81, 243, ... 
                        Geometric sequences demonstrate exponential growth. 
                         
                       
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                    a) What is the "growth factor" and the "growth rate" of this geometric sequence? 
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