7/30/22, 2:32 AM Section 5.

6 Homework-shadae whitelocke

Instructor: Nely Hristova

Student: shadae whitelocke

Course: Summer 2022 MAC1105 CRN Assignment: Section 5.6 Homework

Date: 7/29/22
32001

The cost of a certain grocery item in 1985 was ​$1.29 and is increasing at an exponential growth rate of 3.2​%.

kt
a) The exponential growth function will be in the form C(t) = Co e . Co is the cost of the grocery item at t = ​0, or in​1985,
since t is the number of years since 1985. In this​case, Co = ​$1.29.

k is the exponential growth rate.

k = 0.032

0.032t
The growth function is thus ​C(t) = ​$1.29e .

b) To find the cost of the grocery item in 2005​, evaluate​C(t) for t = 20.

0.032 • 20
C(20​) = 1.29e

  0.6400
   
  
 = 1.29e

   
  ≈ 1.29 • ​( 1.8965​)
 

   
  ≈ 2.45
 

The cost of the grocery item in 2005 will be about ​$2.45.

c) To find the year in which the grocery item will cost ​$2.39​, set ​C(t) = ​$2.39.

0.032t
2.39 = 1.29e

Solve for t.

2.39 0.032t
=e
1.29

To solve for​t, take the natural logarithm on both​sides, since the base of the exponential function is e.

2.39 0.032t
ln = ln e
1.29

k
Since loga a = k​,

2.39
ln = ​(0.032​) • t.
1.29

Solve for t.

2.39
ln   
1.29  0.6167
t= ≈ ≈ 19.27
0.032 0.032

This is not the answer to the question. The above result gives the number of years after 1985 that the cost will be ​$2.39. To
determine the year in which this will​happen, add 1985 to t and round to the nearest year.

The year in which the grocery item will cost ​$2.39 is 2004.

d) Find the doubling time of the cost of the grocery item.

Set ​C(t) = ​$2.58 and solve for​t, using the same steps used in part (C).

0.032t
2.58 = 1.29e

https://xlitemprod.pearsoncmg.com/api/v1/print/en-us/highered 1/2
7/30/22, 2:32 AM Section 5.6 Homework-shadae whitelocke
2.58 0.032t
=e
1.29

0.032t
2=e
   

0.032t
 ln 2 = ln e

k
Since loga a = k​,

 ln 2 = ​(0.032​)t.

Solve for t.

ln 2 0.6931
t= ≈ ≈ 21.7
0.032 0.032

The doubling time is about 21.7 years.

https://xlitemprod.pearsoncmg.com/api/v1/print/en-us/highered 2/2