Extended. Six original Cambridge-style questions on exponential growth and decay: forward, backward and finding the number of years.
Write down the multiplier for (a) growth of 7% per year (b) a decrease of 12% per year.
A town has a population of 24 000. It grows by 3.5% each year. Calculate the population after 10 years, to the nearest hundred.
A machine costs \(\$45\,000\). Its value decreases by 22% each year. Calculate its value after 5 years.
A colony of 300 bacteria doubles every 20 minutes. How many bacteria are there after 2 hours?
A house is worth \(\$250\,000\). Its value increases by \(r\%\) each year. After 3 years it is worth \(\$281\,216\). Find \(r\).
There are 12 000 fish in a lake. The number decreases by 6% each year.
(a) How many fish are there after 5 years?
(b) After how many complete years is the number of fish first less than half of 12 000?
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