AI.F-IF.C.8.b

Use the properties of exponents to interpret expressions for exponential functions. Apply to financial situations such as identifying appreciation and depreciation rate for the value of a house or car some time after its initial purchase: V_n = P(1+r)^n. For example, identify percent rate of change in functions such as y = (1.02)^t, y = (0.97)^t, y = (1.01)^12t, and y = (1.2)^(t∕10), and classify them as representing exponential growth or decay.

Example Problems
has the same value as what % of 48?
has the same value as what % of 70?
has the same value as what % of 80?
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