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Exponent and Logarithm Applications
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 1 Brandon bought a government savings bond for \$1,100. He was told that when the bond can be cashed in 5 years that he would get \$1,444.48. If the interest on the bond is compounded annually, what is the interest rate on the bond?
 2 The Arctic Bank offers a five CD that pays 3.8% interest compounded continuously. Jane deposited \$5,931. How much will Jane's account be worth in five years?
 3 The local government projects that the town will grow at a constant rate of nineteen percent per year. At this rate, how many years will it take the town's population to be four times its current size?
 4 The local government projects that the town will grow at a constant rate of twelve percent per year. At this rate, how many years will it take the town's population to double?

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Sample edHelper.com - Logarithm Word Problems Worksheet