Exponential growth/decay model setup

2 The average weekly pay of a footballer at a certain club was \(\pounds 80\) on 1 August 1960. By 1 August 1985, this had risen to \(\pounds 2000\). The average weekly pay of a footballer at this club can be modelled by the equation $$P = A k ^ { t }$$ where \(\pounds P\) is the average weekly pay \(t\) years after 1 August 1960, and \(A\) and \(k\) are constants.

1. 1. Write down the value of \(A\).
   2. Show that the value of \(k\) is 1.137411 , correct to six decimal places.
2. Use this model to predict the year in which, on 1 August, the average weekly pay of a footballer at this club will first exceed \(\pounds 100000\).

4 On 1 January 1900, a sculpture was valued at \(\pounds 80\).
When the sculpture was sold on 1 January 1956, its value was \(\pounds 5000\).
The value, \(\pounds V\), of the sculpture is modelled by the formula \(V = A k ^ { t }\), where \(t\) is the time in years since 1 January 1900 and \(A\) and \(k\) are constants.

1. Write down the value of \(A\).
2. Show that \(k \approx 1.07664\).
3. Use this model to:
   1. show that the value of the sculpture on 1 January 2006 will be greater than £200 000;
   2. find the year in which the value of the sculpture will first exceed \(\pounds 800000\).

4 David is researching changes in the selling price of houses. One particular house was sold on 1 January 1885 for \(\pounds 20\). Sixty years later, on 1 January 1945, it was sold for \(\pounds 2000\). David proposes a model $$P = A k ^ { t }$$ for the selling price, \(\pounds P\), of this house, where \(t\) is the time in years after 1 January 1885 and \(A\) and \(k\) are constants.

1. 1. Write down the value of \(A\).
   2. Show that, to six decimal places, \(k = 1.079775\).
   3. Use the model, with this value of \(k\), to estimate the selling price of this house on 1 January 2008. Give your answer to the nearest \(\pounds 1000\).
2. For another house, which was sold for \(\pounds 15\) on 1 January 1885, David proposes the model $$Q = 15 \times 1.082709 ^ { t }$$ for the selling price, \(\pounds Q\), of this house \(t\) years after 1 January 1885. Calculate the year in which, according to these models, these two houses would have had the same selling price.

4 A car depreciates in value according to the model $$V = A k ^ { t }$$ where \(\pounds V\) is the value of the car \(t\) months from when it was new, and \(A\) and \(k\) are constants. Its value when new was \(\pounds 12499\) and 36 months later its value was \(\pounds 7000\).

1. 1. Write down the value of \(A\).
   2. Show that the value of \(k\) is 0.984025 , correct to six decimal places.
2. The value of this car first dropped below \(\pounds 5000\) during the \(n\)th month from new. Find the value of \(n\).

The population of a country was 3.6 million in 1989. It grew exponentially to reach 6 million in 2019. Estimate the population of the country in 2049 if the exponential growth continues unchanged. [2 marks]

A is inversely proportional to B. B is inversely proportional to the square of C. When A is 2, C is 8. Find C when A is 12. [3]

The power output, \(P\) watts, of a certain wind turbine is proportional to the cube of the wind speed \(v\)ms\(^{-1}\). When \(v = 3.6\), \(P = 50\). Determine the wind speed that will give a power output of 225 watts. [3]