Answer to Question #160753 in Algebra for Mkk

Question

CREATE a real-life exponential growth OR exponential decay word problem using real numbers and formulas Also, conduct some research using the Internet to determine where we see exponential growth and exponential decay in real life. For example, an exponential growth function can model the number of COVID-19 cases with respect to time. Reminder: DO NOT solve your problem. You simply need to create the 

Answer 1

Suppose a radioactive substance decays at the rate of 4% per hour. Find the percent of substance left after 6 hours

Example of Exponential Growth

Compound interest.

Compound interest is additional interest to the principal of the loan or deposit. Compound interest at a constant interest rate provides exponential growth to the capital.