The problems focus on solving for time using exponential functions that describe growth scenarios—developed through equations related to money in a savings account and credit card debt. These equations involve monthly and yearly compounded growth, utilizing different calculations for determining time when discrepancies in periodic time units exist (e.g., the time might be compounded annually but expressed in monthly units). Each question presents a model equation and multiple-choice answers for the time calculation. The mathematical skill covered is primarily the calculation of logarithms to isolate time in growth equations.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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