Algebra 2/Trig Name: __________________________________ FINAL EXAM REVIEW CHAPTER 6: Logarithmic and Exponential Equations John inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in 2016? From 1990 to 2000, the population of California can be modeled by = 29,816,591(1.0128)t P where is the number of years since 1990. t a. What was the population in 1990? b. What is the growth factor and annual percent increase? c. Estimate the population in 2007. You deposit $2000 in an account that earns 5% annual interest. Find the balance after 5 years if the interest is compounded with the given frequency. Annually Quarterly Monthly
Algebra 2/Trig Name: __________________________________ FINAL EXAM REVIEW CHAPTER 6: Logarithmic and Exponential Equations John inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in 2016? From 1990 to 2000, the population of California can be modeled by P = 29,816,591(1.0128)t where t is the number of years since 1990. a. What was the population in 1990? b. What is the growth factor and annual percent increase? c. Estimate the population in 2007. You deposit $2000 in an account that earns 5% annual interest. Find the balance after 5 years if the interest is compounded with the given frequency. Annually Quarterly Monthly