This math topic covers the application of exponential functions to solve for the initial value given the final amount in various financial growth scenarios. The emphasis is on handling growth rates over mismatched time units (e.g., quarterly interest and annual periods). Problems involve calculating starting cash or debt in accounts with specified interest rates and time frames using exponential growth formulas. Each question presents a scenario with interest rates applied unevenly over time, requiring the proper modification of the exponential growth formula to compute the original amount correctly.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
more