Chapter 3: Problem 27
Find the exponential model that fits the points shown in the graph or table. $$\begin{array}{|c|c|c|} \hline x & 0 & 4 \\ \hline y & 5 & 1 \\ \hline \end{array}$$
/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none}
Learning Materials
Features
Discover
Chapter 3: Problem 27
Find the exponential model that fits the points shown in the graph or table. $$\begin{array}{|c|c|c|} \hline x & 0 & 4 \\ \hline y & 5 & 1 \\ \hline \end{array}$$
All the tools & learning materials you need for study success - in one app.
Get started for free
Solve the equation algebraically. Round your result to three decimal places. Verify your answer using a graphing utility. $$\frac{1+\ln x}{2}=0$$
Home Mortgage \(A \$ 120,000\) home mortgage for 30 years at \(7 \frac{1}{2} \%\) has a monthly payment of \(\$ 839.06\) Part of the monthly payment covers the interest charge on the unpaid balance, and the remainder of the payment reduces the principal. The amount paid toward the interest is $$u=M-\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t}$$ and the amount paid toward the reduction of the principal is $$v=\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t}$$ In these formulas, \(P\) is the size of the mortgage, \(r\) is the interest rate, \(M\) is the monthly payment, and \(t\) is the time (in years). (a) Use a graphing utility to graph each function in the same viewing window. (The viewing window should show all 30 years of mortgage payments.) (b) In the early years of the mortgage, is the greater part of the monthly payment paid toward the interest or the principal? Approximate the time when the monthly payment is evenly divided between interest and principal reduction. (c) Repeat parts (a) and (b) for a repayment period of 20 years \((M=\$ 966.71) .\) What can you conclude?
Home Mortgage The total interest \(u\) paid on a home mortgage of \(P\) dollars at interest rate \(r\) for \(t\) years is $$u=P\left[\frac{r t}{1-\left(\frac{1}{1+r / 12}\right)^{12 t}}-1\right]$$ Consider a \(\$ 120,000\) home mortgage at \(7 \frac{1}{2} \%\) (a) Use a graphing utility to graph the total interest function. (b) Approximate the length of the mortgage for which the total interest paid is the same as the size of the mortgage. Is it possible that some people are paying twice as much in interest charges as the size of the mortgage?
Use a graphing utility to graph and solve the equation. Approximate the result to three decimal places. Verify your result algebraically. $$e^{0.09 t}=3$$
Writing a Natural Logarithmic Equation In Exercises \(53-56,\) write the exponential equation in logarithmic form. $$e^{1 / 2}=1.6487 \ldots$$
What do you think about this solution?
We value your feedback to improve our textbook solutions.