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A Prt
6P P 1.37
6 1.37t
t log1.37 6
log6
t
5.7 years
log1.37
2) The local government projects that the town will grow at a constant rate of four percent per
year. At this rate, how many years will it take the towns population to double?
A Prt
2P P 1.04
2 1.04t
t log1.04 2
log2
t
17.7 years
log1.04
page 1 of 7
3) Albert invested $4,100 in a corporate bond that pays 15% interest compounded monthly.
How long will it take Alberts investment to triple?
A P1
n
nt
.15
3 4100 4100 1
12
3 1.012512t
12t log1.0125 3
log3
12t
log1.0125
log3
log1.0125
7.4 years
t
12
4) Amy bought a diamond ring for $7,000. If the value of the ring increases at a constant rate
of 3.89% per year, how much will the ring be worth in 27 years?
A Prt
5) Michael borrowed $320 from Jill 5 months ago. Today, Michael paid Jill back $346.67.
What is the simple annual interest rate that Michael paid?
I prt
5
26.67 320r
12
133.3r 26.67
r 20.00%
page 2 of 7
6) Suppose $4000 principle is invested at 6% annual interest and yields $5353. For how many
years was it invested?
Use the simple interest formula.
I prt
240t 1353
t 5.6 years
7) Suppose $5000 was invested at 14% compounded annually and yielded $18,540. For how
long was it invested?
A P1
n
nt
1t
.14
18540 5000 1
3.708 1.14t
t log1.14 3.708
log3.708
t
10.0 years
log1.14
8) Greg bought a gold coin for $8,000. If the value of the ring increases at a constant rate of
2.73% per year, how many years will it be for the coin to be worth $23,495.33?
A Prt
2.93691625 1.0273t
t log1.0273 2.93691625
log2.93691625
t
40.0 years
log1.0273
page 3 of 7
9) Find the loudness in decibels of the background noise in a radio studio, for which the
intensity (I) is 199 times the minimum intensity, I 0 .
L 10 log
I
I0
199 I0
L 10 log
I0
L 10 log199 23.0 dB
Substitute in for I.
The I 0 s reduce.
Simplify.
10) Find the loudness, in decibels, of the sounds in a library, for which the intensity is 2510
times the minimum intensity, I 0 .
L 10 log
I
I0
2510 I0
L 10 log
I0
L 10 log2510 34.0 dB
Substitute in for I.
The I 0 s reduce.
Simplify.
11) Find the loudness, in decibels, of conversational speech, for which the intensity is 106 times
the minimum intensity, I 0 .
L 10 log
I
I0
L 10 log
10 I0
I0
L 10 log106 60 dB
Substitute in for I.
The I 0 s reduce.
Simplify.
page 4 of 7
12) What is the half-life of a radioactive substance that deteriorates at a rate of 9% per day?
Assume you have 50 grams to begin with.
A Prt
1
t
50 50 0.91
2
25 50 0.91
0.5 0.91
t log 0.91 0.5
t
log0.5
7.3 days
log0.91
13) The number of people infected by a certain flu strain is given by the equation P 2e 0.15t ,
where t is in hours.
a) Find the number of individuals infected after 2 days.
P 2e0.15t
b) How many hours will it take for 1000 people to become infected?
P 2e 0.15t
1000 2e 0.15t
500 e 0.15t
0.15t ln500
ln500
41.4 hours
0.15
page 5 of 7
A Prt
1
400 400r 45
2
200 400r 45
0.5 r
45
r 45 0.5 .9847
Rate of Decay 1.5%
b) Using your rate of decay from part a, how many mg will remain after 72 minutes?
A Prt
c) Using your rate of decay from part a, how long will it take for the original 400 mg to
become 40 mg?
A Prt
40 400 0.9847
0.1 0.9847t
page 6 of 7
15) What interest rate, compounded continuously, is necessary to make $500 accumulate to
$700 in 9 years?
A Pe rt
700 500e9 r
1.4 e9 r
9r log e 1.4
9r ln1.4
r
ln1.4
.0374 3.74%
9
page 7 of 7