Writing a growth or decay formula
Let P be the starting amount,
- Let P be the starting amount,
the number of periods, and the multiplier for one period. - For an increase of
%, = ( ) ÷ 100. For a decrease, = ( ) ÷ 100. - Write A = Pm to the power
. State what one period means and check that gives the starting amount.
Example 1
A quantity starts at 300 and increases by 2% each month. Write a formula for A after
Example 2
A quantity starts at 320 and decreases by 3% each month. Write a formula for A after
Remember
Use the worked steps to check your method, not just the final answer.
Your turn
A quantity starts at 340 and increases by 4% each month. Write a formula for A after
Check answer
When
A quantity starts at 360 and decreases by 5% each month. Write a formula for A after
Check answer
When
A quantity starts at 380 and increases by 6% each month. Write a formula for A after
Check answer
When
A quantity starts at 400 and decreases by 7% each month. Write a formula for A after
Check answer
When
A quantity starts at 420 and increases by 8% each month. Write a formula for A after
Check answer
When
A quantity starts at 340 and increases by 4% each month. Write a formula for A after
When
A quantity starts at 360 and decreases by 5% each month. Write a formula for A after
When
A quantity starts at 380 and increases by 6% each month. Write a formula for A after
When
A quantity starts at 400 and decreases by 7% each month. Write a formula for A after
When
A quantity starts at 420 and increases by 8% each month. Write a formula for A after
When