This math topic focuses on solving exponential growth problems with mismatched time units (such as years, quarters, or months) based on a given scenario. It requires the use of logarithmic functions to solve for time when the initial amount, interest rate, and final amount are known. These skills are formatted as questions regarding savings accounts' balances and credit card debts over various periods, leveraging interest rate calculations to discern the time required to reach the specified amounts. Each problem offers multiple-choice answers using log equations, reinforcing the concept of exponential functions in financial contexts.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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