Quiz & Worksheet - Exponential Growth vs. Exponential Decay

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Every year a laptop is worth 1/3 of what it was worth for each year previous. If you have a $600 laptop, how much is it worth after 15 years?

$0.91

$400

$2.06

$0.00004

$1.37

About This Quiz & Worksheet

In the lesson you will learn the definition of exponential growth and exponential decay. This accompanying quiz/worksheet combo will test the your knowledge of these two concepts with practice problems and mathematical equations that demonstrate and contrast the two.

Quiz & Worksheet Goals

In this assessment you'll be tested with:

A practical application of exponential decay
Equations that demonstrate exponential decay
The use of an equation to solve a problem involving exponential decay
A term for an approachable but ultimately unsolvable value in a function

Skills Practiced

Critical thinking - apply relevant concepts to examine information about exponential growth and decay
Problem solving - use acquired knowledge to solve practice problems in exponential decay
Knowledge application - use your knowledge to answer questions about exponential growth and decay using mathematical equations and functions

Additional Learning

To learn more about this topic, review the accompanying lesson titled Exponential Growth vs. Decay. This lesson covers the following topics:

Definition and a mathematical explanation of exponential growth
Examples and equations that describe exponential decay
Graphing exponential growth and decay
Determining the starting value of an exponential function using only random entries

Final Exam