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Sample edHelper.com - Logarithm Word Problems Worksheet

 Name _____________________________ Date ___________________
Exponent and Logarithm Applications
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 1 Brad has a government bond that will be worth \$20,876.86 in five years. The bond has an interest rate of 7% that is compounded semiannually. What is the present value of the bond?
 2 The local government projects that the town will grow at a constant rate of thirty-two percent per year. At this rate, how many years will it take the town's population to be five times its current size?
 3 The half-life of a radioactive substance is one hundred ninety-four days. How many days will it take for eighty percent of the substance to decay?
 4 Jane currently pays a \$723 premium for health insurance. If the premium increases at an annual rate of 10.05% per year, how many years will it take for the premium to be \$6,541.98?

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