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Chapter 3: Problem 73
Condense the expression to the logarithm of a single quantity. $$\frac{1}{4} \log _{3} 5 x$$
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Complete the table for the time \(t\) (in years) necessary for \(P\) dollars to triple if interest is compounded continuously at rate \(r\). $$ \begin{array}{|l|l|l|l|l|l|l|} \hline r & 2 \% & 4 \% & 6 \% & 8 \% & 10 \% & 12 \% \\ \hline t & & & & & & \\ \hline \end{array} $$
A laptop computer that costs $$\$ 1150$$ new has a book value of $$\$ 550$$ after 2 years. (a) Find the linear model \(V=m t+b\). (b) Find the exponential model \(V=a e^{k t}\) (c) Use a graphing utility to graph the two models in the same viewing window. Which model depreciates faster in the first 2 years? (d) Find the book values of the computer after 1 year and after 3 years using each model. (e) Explain the advantages and disadvantages of using each model to a buyer and a seller.
The populations \(P\) (in thousands) of Reno, Nevada from 2000 through 2007 can be modeled by \(P=346.8 e^{k t},\) where \(t\) represents the year, with \(t=0\) corresponding to \(2000 .\) In \(2005,\) the population of Reno was about 395,000 . (Source: U.S. Census Bureau) (a) Find the value of \(k\). Is the population increasing or decreasing? Explain. (b) Use the model to find the populations of Reno in 2010 and 2015 . Are the results reasonable? Explain. (c) According to the model, during what year will the population reach \(500,000 ?\)
Solve the logarithmic equation algebraically. Approximate the result to three decimal places. $$\log (3 x+4)=\log (x-10)$$
(a) solve for \(P\) and (b) solve for \(t\). $$A=P e^{r t}$$
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