Mathematics

Assignment
Applications of Exponential and Logarithmic Functions

Question 1:
Solve the following equations for x.
i. 3=2+ 5 e−4 x
ii. 32 x−1=17
25 e 0.1 x
iii. =10
e 0.1 x + 3
iv. If log 3 ( x−5 ) =2, then what will be ln x?
1
v. Find ln
√ ab3 if ln a=2 and ln b=3.
Question 2:
The seller invested $10,000 in an account that grows to $12,000 in 5 years. What is
the annual interest rate r if interest is compounded?
a. Quarterly
b. Continuously

Question 3:
Ravi Patel, the marketing editor at a major publishing house, estimates that if x
thousand complimentary copies of a new text are distributed to instructors, the
first-year sales will be approximately thousand copies.
N ( x )=20−12 e−0.03 x

How many complimentary copies should Ravi send out to instructors if his goal is
to generate first-year sales of 12,000 copies?

Question 4:
A manufacturer determines that the supply function for x units of a particular
commodity is S ( x )=e 0.02 x and the corresponding demand function is D( x )=3 e−0.03 x .
a. Find the demand price p=D(x) when the level of production is x=10 units.
b. Find the supply price p=S(x) when x=12 units.
c. Find the level of production and unit price that correspond to market equilibrium
(where supply=demand).