Lesson: Introduction to Exponential Growth
In this lesson, we will learn how to use properties of exponential growth to solve problems including real-life situations.
Sample Question Videos
Worksheet: 11 Questions • 2 Videos
Which of the functions below represents exponential growth?
Property rental prices downtown are increasing at a rate of per year. This year, an apartment is available for $800 a month. Write an expression for , the value in dollars of the apartment years from now.
Karim wants to sell his flat. He knows that, in his town, property prices have doubled in the 20 years since he bought his flat.
Assuming that the property prices increased at a steady rate, what was the annual rate of increase? Give your answer as a percentage correct to one decimal place if necessary.