Directions: Complete the following problems based off the instructional videos for week 7 on exponentials and compound interest. 1) In 2005, there were 4,500 people in the Baltimore area with cell

phones. It is estimated that the number of people with cell phones will double in 8 years. If the number of phones continues to grow at that rate, how many cell phones will there be in 5 years? (3 points)