ltf,'

Master of Economics ior Professionals

MEc

2od

Batch

l't

Semester

MEc 503: Mdffiematics for Business & Economics

For Topic 2 (Exponential & Loearithmic Functions)

1. For y :

2.

b* , we assume that b >1. How

will you justifu that assumption?

Draw the graphs for the following functions:

: b', (b)y: bz*, (c)y= b-*, . (d)y: b-2', (e)y: Sbx, (Dy : 5b2*,
(g) y: 5b-', (h) y: 5b-2', (i) y = -5b', 0) y = -sb2', G) y: -sb-',
(l) y: -5b-2t, (m) y: 560'5x, (n) y= -560'5x, (o) y= 56-05x, fu)y: -56-0'sx.
(a) y

What positional relationship do the graphs display? Do they the same

3.
(a)

y intercept? How?

Convert the following functions into natural exponential functions.

y: 6*, (b) y: 62', (") y: 5(6)',

(d)

y:

5(7)2*,

(e)

y: 5(9)-2', (D y:

4. Convert the following functions into natural logarithmic functions.

(a) y : 6t, (b) y: 6'', (")t :log2y, (d) t:7logn}y, (e)t:lo96 3y,
5.

Use the following functions to find out the value of

(a) 4sz'-t's = 360,

(b)|e'2:259,

(0

t:

2.55

3log15 9y.

'x'.

(c) ln (x + 4)z = 3, (d) fn (rffi)

For question 6-7,you are given that, P = 1000, r = llYo, and t

6.

-5(3;-o's'.

5 years.

Calculate the value to be received (S) when compounded (a) annually, (b) semiannually,

(c) quarterly, (d) monthly, and (e) continuously.

7.' What

is effective annual rate of interest? Calculate the effective annual rate of interest in

each case above.

8.

Calculate the amount that you should invest now to get 15000 after 5 years from now at

l0% interest rate when compounded (a) annually, (b) semiannually, (c) quarterly,
(d) monthly, and (e) continuously.

9.

Given

P:

1000,

r:

l0%o, and

t = 5 years, use natural exponential function to

calculate

the value to be received (S) when compounded (a) annually, (b) semiannually,

(c) quarterly, and (d) monthly.

10. Given P

1000, S

1800 and

t:

5 years, find out the rate of grgwth when compounded -

(a) annually, (b) continuously.

l*'

i.|*r

t-.-+'F

{
I

l.

Determine the interest

to have money treble in 6 years when compounded

(a) annually, (b)

12.

, (d) monthly, and (e) continuously.

How long will it take

Ie

at 12 percent interest when compounded

(a) annually, (b) semiannu#y,{@ tparterly, (d) monthly, and (e) continuously?
13. Find out the growth rates

(a) Y

fo1&o'b*bwing functions:

: tlt Aes'ffi ,

!:1.*:F**:f :N.*:1.***rlrl.{.{.*

We

will

have a tutorial session

(b)Y= te'tz, (c)Y :t3etz

NOTICE rFrFrl.**,1.*{.X.**{.****d.,k***,F**********{.,1.*

(will work on the two practice

sheets) on the opening day after

your autumn vacation (November 02, 05:4f-07:00 PM). You all are requested to bring your

scientific calculator and a printed copy of both practice sheets.

If you have any problem

regarding my parts, please feel free to meet me at the scheduled time as follow:

&r

Time

F.tpom

Monday

11:00 am

04:00 pm

328

Email: mz monirlll@yahoo.com

Tuesday

11:00 am

05:00 pm

328

Cell: 01723528538

Md. Moniruzzam n
October 14,2015

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