8A: Linear Growth/Decay formula: y = mx + b Exponential Growth/Decay formula:

1. Determine whether the growth (or decay) is linear or exponential, and answer the associated question.

[5pts each]

1. The value of your house is rising by 28% per year. If it is worth $248,286 today, what will it be worth in five years? Round your answer to the nearest hundredth.

Circle one: linear growth or exponential growth

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1. The value of your house is rising by $21,354 per year. If it is worth $180,784 today, what will it be worth in

six years? Round your answer to the nearest whole number.

Circle one: linear growth or exponential growth

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1. The value of farmland in Nebraska is falling at a rate of 2% per month. If an acre of land is worth $3,400 today, what will it be worth in 8 months? Round your answer to the nearest hundredth.

Circle one: linear decay or exponential decay

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