Query 15

#$&*

course Mth 163

11/18 1

015. `query 15

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Question: `qquery modeling project #2 #5. $200 init investment at 10%. What are the growth rate and

growth factor for this function? How long does it take the principle to double? At what time does the principle first reach $300?

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Your solution:

#2 -

$500 principle w/ interest at 12%.

500 * .12 = 60

560/500 = 1.12% int. rate increase to get amount at end of the year.

500*1.12^t

#5 -

$200 * .10 = 20 (.10 growth rate)

200 + 20 = 220

220/200= 1.1% growth factor

200 * 1.1^t - function

To double money -

200 * 1.1^7 = 380.74

200 * 1.1^8 = 428.72

428.72 - 389.74 = 38.98

t = 7.25 t = 7.29

t = 7.25 = 399.14

t = 7.29 = 400.67

It would take approx. 7.29 years to double your money.

To reach $300 -

200 * 1.1^4 = 292.82

200 * 1.1^5 = 322.10

322.10-292.82 = 29.28

t = 4.2 = 298.46

t = 4.25 = 299.88

t = 4.256 = 300.05

It would take approx. 4.256 years to reach $300.

confidence rating #$&*: 3

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Given Solution:

`a** The growth rate is .10 and the growth factor is 1.10 so the amount function is $200 * 1.10^t.

This graph passes through the y axis at (0, 200), increases at an increasing rate and is asymptotic to the negative x axis.

For t=0, 1, 2 you get p(t) values $200, $220 and $242--you can already see that the rate is increasing since the increases

are $20 and $22.

Note that you should know from precalculus the characteristics of the graphs of exponential, polynomial an power

functions (give that a quick review if you don't--it will definitely pay off in this course).

$400 is double the initial $200. We need to find how long it takes to achieve this.

Using trial and error we find that $200 * 1.10^tDoub = $400 if tDoub is a little more than 7. So doubling takes a little

more than 7 years. The actual time, accurate to 5 significant figures, is 7.2725 years. If you are using trial and error it will

take several tries to attain this accuracy; 7.3 years is a reasonable approximation for trail and error.

To reach $300 from the original $200, using amount function $200 * 1.10^t, takes a little over 4.25 years (4.2541 years

to 5 significant figures); again this can be found by trial and error.

The amount function reaches $600 in a little over 11.5 years (11.527 years), so to get from $300 to $600 takes about

11.5 years - 4.25 years = 7.25 years (actually 7.2725 years to 5 significant figures). **

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Self-critique (if necessary):

ok

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Self-critique rating: ok

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Question: `qAt what time t is the principle equal to half its t = 20 value? What doubling time is associated with this result?

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Your solution:

200*1.1^20 = 1345.50

1345.50/2 = 672.75

doubling time associated is t = ?

t = 12 = 627.68

t = 13 = 690.45

t = 12.7 = 671

t = 12.75 = 674.20

t = 12.72 = 672.27

associated with t = 12.72 at 672.27 between t = 12.72 and t = 20

confidence rating #$&*: 3

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Given Solution:

`a** The t = 20 value is $200 * 1.1^20 = $1340, approx.

Half the t = 20 value is therefore $1340/2 = $670 approx..

By trial and error or, if you know them, other means we find that the value $670 is reached at t = 12.7, approx..

For example one student found that half of the 20 value is 1345.5/2=672.75, which occurs. between t = 12 and t = 13

(at t = 12 you get $627.69 and at t = 13 you get 690.45). At 12.75=674.20 so it would probably be about12.72.

This implies that the principle would double in the interval between t = 12.7 yr and t = 20 yr, which is a period of 20 yr -

12.7 yr = 7.3 yr.

This is consistent with the doubling time we originally obtained, and reinforces the idea that for an exponential function

doubling time is the same no matter when we start or end. **

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Self-critique (if necessary):

ok

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Question: `qquery #8. Sketch principle vs. time for the first four years with rates 10%, 20%, 30%, 40%

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Your solution:

1 * .10 = .1

1.1/1 = 1.1

1*.20 = .2

1.2/1 = 1.2

1*.30 = .3

1.3/1 = 1.3

1*.40 = .4

1.4/1 = 1.4

The final price increases at an increasing rate.

for amount to double

1 * 1.1^t

1 * 1.2^t

1 * 1.3^t

1 * 1.4^t

to double for 10%, t = 7.26

for 20%, t = 3.8

for 30%, t = 2.63

for 40%, t = 2.05

When doubling, t decreases at a decreasing rate.

confidence rating #$&*: 3

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Given Solution:

`a** We find that for the first interest rate, 10%, we have amount = 1(1.10)^t. For the first 4 years the values at

t=1,2,3,4 years are 1.10, 1.21, 1.33 and 1.46. By trial and error we find that it will take 7.27 years for the amount to

double.

for the second interest rate, 20%, we have amount = 1(1.20)^t. For the first 4 years the values at t=1,2,3,4 years are

1.20, 1.44, 1.73 and 2.07. By trial and error we find that it will take 3.80 years for the amount to double.

Similar calculations tell us that for interest rate 30% we have $286 after 4 years and require 2.64 years to double, and for

interest rate 40% we have $384 after 4 years and require 2.06 years to double.

The final 4-year amount increases by more and more with each 10% increase in interest rate.

The doubling time decreases, but by less and less with each 10% increase in interest rate. **

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Question: `qquery #11. What is the equation for doubling time?

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Your solution:

P0 * (1 +r)^n

P0 * (1 + r) ^t = 2 P0

confidence rating #$&*: 2

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Given Solution:

`a** the basic equation says that the amount at clock time t, which is P0 * (1+r)^t, is double the original amount P0. The

resulting equation is therefore

P0 * (1+r)^t = 2 P0.

Note that this simplifies to

(1 + r)^ t = 2,

and that this result depends only on the interest rate, not on the initial amount P0. **

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Self-critique (if necessary):

I did not simplify this. To simplify would be (1 + r)^t = 2

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Self-critique rating: ok

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Question: `q Write the equation you would solve to determine the doubling time 'doublingTime, starting at t = 2, for a $5000 investment at 8%.

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Your solution:

5000 * .08 = 400

5400/5000 = 1.08

P(t) = 5000 * 1.08^t

P(2) = 2 * (5000 * 1.08^2)

P(2 + doubling time) = 2 * (5000 * 1.08^2)

5000 * 1.08^2 + doubling time = 2 * (5000 * 1.08^2)

1.08^2 + doubling time = 2 * 1.08^2

1.08^2 * 1.08^doubling time = 2 * 1.08^2

1.08^doubling time = 2 (this is the equation)

confidence rating #$&*: 2

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Given Solution:

`a**

The principal function is

• P(t) = $5000 * 1.08^t.

When t = 2 the principal is

• P(2) = $5000 * 1.08^2.

We want to find out how long it takes, starting at t = 2, for the principal to double.

Doubling the principal $5000 * 1.08^2 results in principal 2 * ($5000 * 1.08^2).

This principal will occur at some later time t = 2 + doubling time. At this time the principal will be P(2 + doubling time) = $5000 * 1.08^(2 + doubling time).

Thus

• P(2 + doubling time) = 2 * ($5000 * 1.08^2).

To find the doubling time, we solve this equation for doubling time.

The solution is as follows:

Dividing the equation $5000 * 1.08 ^ ( 2 + doubling time) = 2 * [$5000 * 1.08 ^2] by $5000 we get

• 1.08 ^ ( 2 + doubling time) = 2 * 1.08 ^2].

This can be written as

• 1.08^2 * 1.08^doublingtime = 2 * 1.08^2.

Dividing both sides by 1.08^2 we obtain

• 1.08^doublingtime = 2.

We can then use trial and error to find the doubling time that works. We get something like 9 years. **

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Question: `q Desribe how you used your graph to obtain an estimate of the doubling time.

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Your solution:

$5000 would double to $10,000. The vertical axis would be the principle amount and the horizontal axis would be the rate. Between the rate and the amount on the horizontal axis would be the doubling time.

confidence rating #$&*: 3

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Given Solution:

`a** In this case you would find the double of the initial amount, $10000, on the vertical axis, then move straight over to

the graph, then straight down to the horizontal axis.

The interval from t = 0 to the clock time found on the horizontal axis is the doubling time. **

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Question: `q#17. At 10:00 a.m. a certain individual has 550 mg of penicillin in her bloodstream. Every hour,

11% of the penicillin present at the beginning of the hour is removed by the end of the hour. What is the function Q(t)?

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Your solution:

r = -.11

1 + r = 1 + (-.11) = .89

Q(t) = 550 (.89)^t

confidence rating #$&*: 3

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Given Solution:

`a** Every hour 11% or .11 of the total is lost so the growth rate is -.11 and the growth factor is 1 + r = 1 + (-.11) = .89

and we have

Q(t) = Q0 * (1 + r)^t = 550 mg (.89)^t or

Q(t)=550(.89)^t **

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Question: `qHow much antibiotic is present at 3:00 p.m.?

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Your solution:

10 am to 3 pm is 5 hours after

t = 5

Q(5) = 550 (.89)^5

= 307.12

confidence rating #$&*: 3

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Given Solution:

`a** 3:00 p.m. is 5 hours after the initial time so at that time there will be

Q(5) = 550 mg * .89^5 = 307.123 mg

in the blood **

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Question: `qDescribe your graph and explain how it was used to estimate half-life.

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Your solution:

Starting at t = 0 when Q(t) = 500

Half likfe when dt at Q(t) = 275

Q (dt) = 550 (.89)^dt = 275

= .89^dt = .5

Dt = 6 at .496

The graph at half life would be .5 on the vertical axis with 6 being on the horizontal axis. A line from .5 to 6 would meet horizontally with that line showing half life, and a line downward to 6.

confidence rating #$&*: 3

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Given Solution:

`a** Starting from any point on the graph we first project horizontally and vertically to the coordinate axes to obtain the

coordinates of that point.

The vertical coordinate represents the quantity Q(t), so we find the point on the vertical axis which is half as high as the

vertical coordinate of our starting point. We then draw a horizontal line directly over to the graph, and project this point

down.

The horizontal distance from the first point to the second will be the distance on the t axis between the two vertical

projection lines. **

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Question: `qWhat is the equation to find the half-life? What is its most simplified form?

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Your solution:

Starting at t = 0 when Q(t) = 500

Half life when dt at Q(t) = 275

Q (dt) = 550 (.89)^dt = 275

= .89^dt = .5

Dt = 6 at .496

confidence rating #$&*: 3

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Given Solution:

`a** Q(halvingTime) = 1/2 Q(0)or

550 mg * .89^halvingTIme = .5 * 550 mg. Dividing thru by the 550 mg we have

.89^halvingTime = .5.

We can use trial and error to find an approximate value for halvingTIme (later we use logarithms to get the accurate

solution). **

STUDENT QUESTION

??? Mr. Smith, please explain how you came up with this equation, because I want to understand it and I have not seen

this in our notes. Thank-you.???

INSTRUCTOR RESPONSE

Your notes include a similar treatment of doubling time.

The halving time is the time required for a quantity to fall to half its value. If a function is exponential its halving time will be uniform, meaning that the time to fall to half its value is the same no matter at what instant we choose to begin.

If the function is Q(t), then for example Q(0) is its value at t = 0.

• If the value of Q then falls to half this value, its new value will be 1/2 Q(0).

• If we refer to the time required to fall as halvingTime, then after this time has passed the value will clock time will be 0 + halvingTime = halvingTIme.

• At this instant the value of our function will be Q(halvingTime), and this will be 1/2 Q(0).

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Question: `q#19. For the function Q(t) = Q0 (1.1^ t), a value of t such that Q(t) lies between .05 Q0 and .1 Q0.

For what values of t did Q(t) lie between .005 Q0 and .01 Q0?

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Your solution:

1.1^t = .05

t = -31

1.1^t = .1

t = -24

1.1^t = .005

t = -55

1.1^t = .01

t = -48

confidence rating #$&*: 3

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Given Solution:

`a** Any value between about t = -24.2 and t = -31.4 will result in Q(t) between .05 Q0 and .1 Q0.

Note that these values must be negative, since positive powers of 1.1 are all greater than 1, resulting in values of Q which

are greater than Q0.

Solving Q(t) = .05 Q0 we rewrite this as

Q0 * 1.1^t = .05 Q0. Dividing both sides by Q0 we get

1.1^t = .05. We can use trial and error (or if you know how to use them logarithms) to approximate the solution. We

get

t = -31.4 approx.

Solving Q(t) = .1 Q0 we rewrite this as

Q0 * 1.1^t = .1 Q0. Dividing both sides by Q0 we get

1.1^t = .1. We can use trial and error (or if you know how to use them logarithms) to approximate the solution. We get

t = -24.2 approx.

(The solution for .005 Q0 is about -55.6, for .01 is about -48.3

For this solution any value between about t = -48.3 and t = -55.6 will work). **

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Self-critique (if necessary):

I need to go into decimals to get a more precise answer.

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Self-critique rating: ok

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Question: `qexplain why the negative t axis is a horizontal asymptote for this function.

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Your solution:

The negative t axis is a horizontal asymptote because as negative t gets larger, the number gets smaller.

confidence rating #$&*:

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Given Solution:

`a** The value of 1.1^t increases for increasing t; as t approaches infinity 1.1^t also approaches infinity.

Since 1.1^-t = 1 / 1.1^t, we see that for increasingly large negative values of t the value of 1.1^t will be smaller and smaller, and would in fact approach zero.

Another way to see this: The function 1.1^t has a constant doubling time (it doubles at an approximate interval of 7.2). So if you trace it back in the negative direction its value halves at regular intervals, and therefore approaches 0.**

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Self-critique (if necessary):

ok

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Question: `q #22. What value of b would we use to express various functions in the form y = A b^x? What

is b for the function y = 12 ( e^(-.5x) )?

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Your solution:

y = 12 (2^-.5x) = 12 (2^-.5)^x = 12 * .71^x

b = .71

confidence rating #$&*: 3

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Given Solution:

`a** 12 e^(-.5 x) = 12 (e^-.5)^x = 12 * .61^x, approx.

So this function is of the form y = A b^x for b = .61 approx.. **

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Self-critique (if necessary):

I think I am doing this right, but mine and your answers are different???

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Self-critique rating: ok

@&

e^(-.5) is about .71, which is consistent with your answer. .61 looks like a typo, except that it appears twice.

*@

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Question: `qwhat is b for the function y = .007 ( e^(.71 x) )?

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Your solution:

y = .007 (2^.71x) = .007 (2^.71)^x = .007 * 1.64^x

b = 1.64

confidence rating #$&*: 2

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Given Solution:

`a** 12 e^(.71 x) = 12 (e^.71)^x = 12 * 2.04^x, approx.

So this function is of the form y = A b^x for b = 2.041 approx.. **

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Self-critique (if necessary):

I am questioning myself because are answers are off???

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Self-critique rating: ok

@&

The function contains the factor e^(7.1 x), not 2^(.71 x).

So in this case your answer appears to be off.

You do have the right answer for .007* 2^(.7 z).

*@

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Question: `qwhat is b for the function y = -13 ( e^(3.9 x) )?

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Your solution:

y = -13 (2^3.9x) = -13 (2^3.9)^x = -13 * 14.93^x

b = 14.93

confidence rating #$&*: ?

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Given Solution:

`a** 12 e^(3.9 x) = 12 (e^3.9)^x = 12 * 49.4^x, approx.

So this function is of the form y = A b^x for b = 49.4 approx.. **

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Self-critique (if necessary):

Answers are off again…not sure what I am doing wrong?

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Self-critique rating:

@&

You've again changed the e to 2. That's easy to fix.

*@

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Question: `qList these functions, each in the form y = A b^x.

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Your solution:

y = 12 (.71^x)

y = .007 (1.64^x)

y = -13 (14.93^x)

confidence rating #$&*: ?

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Given Solution:

`a** The functions are

y=12(.6065^x)

y=.007(2.03399^x) and

y=-13(49.40244^x) **

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Self-critique (if necessary):

Close….but not same answer for b???

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Self-critique rating:

@&

I suspect you've replaced e by 2 in these functions as well.

*@

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Question: What is the equation for the doubling time of the function y = 32 * 1.3^t?

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Your solution:

t = 2 for doubling time

32 * 1.3^2 + doubling time = 2 * (32 * 1.3^2)

1.3^2 * 1.3^doubling time = 2 * 1.3^2

1.3^doubling time = 2

@&

Your answer is correct and it's valid, but you don't need to assume t = 2 to find the doubling time.

If you had left the exponent as t you would have had

32 * 1.3^(t + doublingTime) = 2 * 32 * 1.3^t

and this would have also led to 1.3*doublintTime = 2.

*@

confidence rating #$&*: 3

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Question: Explain why the positive t axis is a horizontal asymptote for the function y = 400 * 2^(-t).

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Your solution:

The positive t axis is a horizontal asymptote because as positive t gets smaller, the number gets larger.

@&

The t axis is an asymptote because the values of the function approach zero as t gets larger, not because they get larger as t gets smaller.

*@

confidence rating #$&*: 3

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Question: For what value of b would the function y = 5 e^(.04 t) be of the form y = A b^t?

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Your solution:

e = 2 ???

y = 5 e^(.04t) = 5 e^(.04)^t = 5 * 1.03^t

b = 1.03

@&

Good.

*@

confidence rating #$&*: 1

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Self-critique rating:

&#This looks good. See my notes. Let me know if you have any questions. &#