1. Algebra 1 Section 8.5 Apply Exponential Functions
When a quantity grows by the same percent each day, it is experiencing exponential growth.
When a quantity grows by the same amount each day it is experiencing linear growth y = mx + b

2. An exponential function takes the form y = C(1 + r)t
C is the initial amount
r is the growth rate
t is the time period
1+r is the growth factor
You deposit $600 in an account that pays 4% annual interest. What is the account balance after 6 years?

3. y = C(1 + r)t
A population of 30 turkeys are released in a wildlife area with no turkeys. The population grows at a rate of 15% per year. How many turkeys will there be in 8 years?

4. assignment
Page 480 Problems 6 – 14 even