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Y y a(1 r ) Basic Equation Statements: Determine growth/ decay, the percent of change, and initial value. EQUATION Initial Value Growth or Decay? Percent of Change 1) y 7500(1 + . 03)x 2) y (0.85)x 3) y 900 (1.27)x 4) y 24000(1 - . 08)t 5) y 750(1.15)t 6) y 250,000(0.65)t 7) y 11,275(1.1)t 8) y 673 (2.2)x Exponential Growth and Decay Word Problems: Evaluate all answers exactly and then round when necessary. 1. The price of a car that was bought for $10,000 and has depreciated.

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