7.6 growth and decay notes

The document discusses formulas for growth, decay, and compound interest. It provides examples of applying each formula: - The amount of a radio contest prize grows by 2.5% daily if no one wins - A child's pool raft loses 6.6% of its air daily, starting with 4500 cubic inches - $14,000 invested at 6% annual interest compounded monthly will grow to a certain amount after 10 years