Algebra II : Other Exponent Applications

Study concepts, example questions & explanations for Algebra II

varsity tutors app store varsity tutors android store

Example Questions

Example Question #3451 : Algebra Ii

A biologist figures that the population \(\displaystyle P\) of cane toads in a certain lake he is studying can be modeled by the equation

\(\displaystyle P = 253 \cdot 1.04 ^{t}\),

where \(\displaystyle t\) is the number of days elapsed in 2015. For example, \(\displaystyle t= 1\) represents January 1,  \(\displaystyle t = 2\) represents January 2, and so forth.

If this model continues, in what month will the population of cane toads in the lagoon reach 5,000?

Possible Answers:

May

June

April

February 

March

Correct answer:

March

Explanation:

Set \(\displaystyle P = 5,000\) and solve for \(\displaystyle t\) :

\(\displaystyle 5,000 = 253 \cdot 1.04^{t}\)

\(\displaystyle 1.04 ^{t} = \frac{5,000 }{253 }\)

\(\displaystyle 1.04^{t} \approx 19.7628\)

\(\displaystyle \ln 1.04^{t} \approx \ln 19.7628\)

\(\displaystyle t \ln 1.04 \approx \ln 19.7628\)

\(\displaystyle t \approx \frac{\ln 19.7628}{\ln 1.04 } \approx \frac{2.9838}{0.0392} \approx 76.1\)

January and February have 59 days total; add March, and this is 90 days. The 76th day is in March.

 

Example Question #2 : Other Exponent Applications

A biologist figures that the population \(\displaystyle P\) of cane toads in a certain lake he is studying can be modeled by the equation

\(\displaystyle P = 318\cdot 1.07 ^{t}\),

where \(\displaystyle t\) is the number of days elapsed in 2015. For example, \(\displaystyle t= 1\) represents January 1,  \(\displaystyle t = 2\) represents January 2, and so forth.

Assuming that this has been the model for their growth throughout the previous year as well, in what month did the population hit 100 cane toads?

Possible Answers:

December 2014

November 2014

October 2014

September 2014

August 2014

Correct answer:

December 2014

Explanation:

Set \(\displaystyle P = 100\) and solve for \(\displaystyle t\):

\(\displaystyle 100 = 318\cdot 1.07 ^{t}\)

\(\displaystyle \frac{100}{318} = 1.07 ^{t}\)

\(\displaystyle 1.07 ^{t} \approx 0.3145\)

\(\displaystyle \ln 1.07 ^{t} \approx \ln 0.3145\)

\(\displaystyle t \ln 1.07 \approx \ln 0.3145\)

\(\displaystyle t \approx \frac{\ln 0.3145}{ \ln 1.07} \approx \frac{-1.1568}{0.0677} \approx -17.1\)

17 days before January 1 was in December of 2014.

Example Question #3 : Other Exponent Applications

Lucia deposits $40,000 into a savings account that pays 5.5% annual interest compounded continuously. Assuming she neither deposits nor withdraws money, how long will it take for her to have $60,000 in the account?

Possible Answers:

Between 6 and 7 years

Between 9 and 10 years

Between 7 and 8 years

Between 8 and 9 years

Between 5 and 6 years

Correct answer:

Between 7 and 8 years

Explanation:

We set final principal \(\displaystyle A = 60,000\) original principal \(\displaystyle A_{0} = 40,000\), and interest rate \(\displaystyle r = 0.055\). We solve for \(\displaystyle t\) in the  continuous compound interest formula:

\(\displaystyle A = A_{0} e ^{rt}\)

\(\displaystyle 60,000 =40,000 e ^{0.055t}\)

\(\displaystyle \frac{60,000 }{40,000 }=\frac{40,000 e ^{0.055t}}{40,000 }\)

\(\displaystyle 1.5 = e ^{0.055t}\)

\(\displaystyle 0.055t = \ln 1.5\)

\(\displaystyle t = \frac{\ln 1.5}{0.055} \approx \frac{0.4055}{0.055} \approx 7.37\)

The correct response is therefore between 7 and 8 years.

Example Question #1 : Other Exponent Applications

Ann deposits $30,000 into a savings account that pays 4.5% annual interest compounded quarterly. Assuming she neither deposits nor withdraws money, what is the amount of time it will take for her to have at least $50,000 in the account?

Possible Answers:

\(\displaystyle 13\textup{ yrs }\)

\(\displaystyle 11 \textup{ yrs } 6\textup{ mo}\)

\(\displaystyle 12\textup{ yrs }\)

\(\displaystyle 11 \textup{ yrs }\)

\(\displaystyle 12 \textup{ yrs } 6\textup{ mo}\)

Correct answer:

\(\displaystyle 11 \textup{ yrs } 6\textup{ mo}\)

Explanation:

Apply the compound interest formula:

\(\displaystyle A = A_{0} \left ( 1 + \frac{r}{n}\right ) ^{nt}\).

We set final principal \(\displaystyle A = 50,000\) original principal \(\displaystyle A_{0} = 30,000\), interest rate \(\displaystyle r = 0.045\), number of periods per year \(\displaystyle n = 4\) (quarterly). We solve for \(\displaystyle t\) in the equation

\(\displaystyle 50,000=30,000 \left ( 1 + \frac{0.045}{4}\right ) ^{4t}\)

\(\displaystyle 50,000=30,000 \left ( 1 .01125 \right ) ^{4t}\)

\(\displaystyle \frac{50,000}{30,000}=\frac{30,000 \left ( 1 .01125 \right ) ^{4t}}{30,000}\)

\(\displaystyle 1.6667= \left ( 1 .01125 \right ) ^{4t}\)

\(\displaystyle \log 1.6667= \log \left ( 1 .01125 \right ) ^{4t}\)

\(\displaystyle \log 1.6667= 4t \log 1 .01125\)

\(\displaystyle t = \frac{\log 1.6667}{4\log 1 .01125} \approx \frac{0.2219}{4 \cdot 0.004859} \approx 11.4\)

This is rounded up to  the next quarter of a year, so the correct response is 11.5 years, or 11 years 6 months.

Example Question #1 : Other Exponent Applications

A company is constructing a wall with 4-sides, all sides are of equal length. 

Write an equation using exponents to calculate the area of the wall. Use \(\displaystyle y\) as the length and height.

Possible Answers:

\(\displaystyle A=y+y\)

\(\displaystyle A=y^2\)

\(\displaystyle A=y\cdot y \cdot y \cdot y\)

\(\displaystyle A=y^4\)

\(\displaystyle A=y\cdot y\)

Correct answer:

\(\displaystyle A=y^2\)

Explanation:

The formula to find area is:

\(\displaystyle = length\cdot width=area\) is correct.

In our case our length is equal to our width which is \(\displaystyle y\).

Substituting our values into our equation we get:

\(\displaystyle y\cdot y= A\)

\(\displaystyle y^2=A\)

Learning Tools by Varsity Tutors