4. Exponential Logarithmic
Modeling Applications — Quiz
Test your understanding of modeling applications with 5 practice questions.
Practice Questions
Question 1
Which expression gives the effective annual rate (EAR) for a nominal interest rate $r$ compounded $m$ times per year?
Question 2
If a bank advertises a nominal annual interest rate of 6% compounded quarterly, what is the effective annual rate (EAR)? (Nearest thousandth of a percent)
Question 3
A city’s population is 50,000 and grows annually at 3% compounded discretely. What is the population after 5 years? (Nearest whole number)
Question 4
If a solution has pOH = 6.3, what is its pH?
Question 5
In the continuous growth model $P(t)=P_{0}e^{kt}$, the doubling time $t_{d}$ satisfies which formula?