This math topic involves solving exponential growth equations, focusing particularly on financial scenarios involving savings accounts and credit card debt. Learners rearrange given exponential functions to determine the rate of interest where time units between the initial and final periods are mismatched (e.g., years converted to months or quarters). Each problem provides an initial amount, a final amount after a specific period, and requires students to formulate the correct exponential equation to find the rate of interest between the two amounts. This includes converting time measurements accurately to fit the scenario.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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