This math topic focuses on solving for the growth rate in various exponential function scenarios. The problems involve rearranging equations to isolate the variable representing the growth rate (r). These equations model different growth contexts, such as monthly and yearly compounding interest for savings accounts, and quarterly and yearly interest on credit card debt. Each problem presents an initial amount, a resultant amount after growth, and the time period, and requires manipulating the equation to find the growth rate. There are multiple-choice answers provided for each scenario, demanding an understanding of exponential functions and logarithmic manipulation.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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