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Exponential Functions Project – Math Tech 2You need to:1. Pick a scenario or create your own scenario.2. Write an equation to represent the exponential function3. Create a table to represent the exponential functiona. Identify the growth/decay rate on your table.b. Explain how the growth/decay rate represents an exponential function.4. Create a graph to represent the exponential function5. Use color to connect and identify “a” and “b” in the table, equation, graph, and scenario.6. Identify the following:a. Independent Variableb. Dependent Variablec. Domaind. Rangee. Starting Pointf. Growth/Decay RateScenario ExamplesYou buy a new car that cost $25,000. The car depreciates at a rate of 11% per year.You put $7,500 into an investment account. The account is projected to earn 9% interest per year.The population of Kensington is currently 120,000 people. It is growing at a rate of 0.35% per year.The population of Camden NJ is currently 180,000 people. People are moving out at a rate of 1.2% per year. Exponential Functions Project – Math Tech 2You need to:1. Pick a scenario or create your own scenario.2. Write an equation to represent the exponential function3. Create a table to represent the exponential functiona. Identify the growth/decay rate on your table.b. Explain how the growth/decay rate represents an exponential function.4. Create a graph to represent the exponential function5. Use color to connect and identify “a” and “b” in the table, equation, graph, and scenario.6. Identify the following:a. Independent Variableb. Dependent Variablec. Domaind. Rangee. Starting Pointf. Growth/Decay RateScenario ExamplesYou buy a new car that cost $25,000. The car depreciates at a rate of 11% per year.You put $7,500 into an investment account. The account is projected to earn 9% interest per year.The population of Kensington is currently 120,000 people. It is growing at a rate of 0.35% per year.The population of Camden NJ is currently 180,000 people. People are moving out at a rate of 1.2% per year. ................
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