Use the formula for continuous compounding to solve Exercises 84–85. How long, to the nearest tenth of a year, will it take \$50,000 to triple in value at an annual rate of 7.5% compounded continuously?
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- 0. Review of Algebra4h 18m
- 1. Equations & Inequalities3h 18m
- 2. Graphs of Equations1h 43m
- 3. Functions2h 17m
- 4. Polynomial Functions1h 44m
- 5. Rational Functions1h 23m
- 6. Exponential & Logarithmic Functions2h 28m
- 7. Systems of Equations & Matrices4h 5m
- 8. Conic Sections2h 23m
- 9. Sequences, Series, & Induction1h 22m
- 10. Combinatorics & Probability1h 45m
6. Exponential & Logarithmic Functions
Solving Exponential and Logarithmic Equations
Problem 45
Textbook Question
Solve each exponential equation in Exercises 23–48. Express the solution set in terms of natural logarithms or common logarithms. Then use a calculator to obtain a decimal approximation, correct to two decimal places, for the solution. e4x+5e2x−24=0
Verified step by step guidance1
Start by recognizing that the equation involves exponential expressions with different exponents: \(e^{4x} + 5e^{2x} - 24 = 0\). Notice that \(e^{4x}\) can be rewritten as \((e^{2x})^2\) to simplify the equation.
Make a substitution to turn the equation into a quadratic form. Let \(u = e^{2x}\). Then the equation becomes \(u^2 + 5u - 24 = 0\).
Solve the quadratic equation \(u^2 + 5u - 24 = 0\) using the quadratic formula: \(u = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a}\), where \(a=1\), \(b=5\), and \(c=-24\).
After finding the values of \(u\), substitute back \(u = e^{2x}\) and solve for \(x\) by taking the natural logarithm: \$2x = \ln(u)\(, so \)x = \frac{1}{2} \ln(u)$.
Evaluate the logarithmic expressions using a calculator to find decimal approximations of \(x\), rounding to two decimal places as required.
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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Exponential Equations
Exponential equations involve variables in the exponent, such as e^(4x). Solving these requires rewriting the equation to isolate the exponential term or transform it into a quadratic form, enabling the use of algebraic methods to find the variable.
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Substitution Method
When an exponential equation contains terms like e^(4x) and e^(2x), substitution can simplify it. For example, letting u = e^(2x) transforms the equation into a quadratic in u, which can be solved using factoring or the quadratic formula.
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Choosing a Method to Solve Quadratics
Logarithms and Their Properties
Logarithms are the inverse of exponentials and are used to solve for variables in exponents. After isolating the exponential expression, applying natural logarithms (ln) or common logarithms (log) helps find the exact solution, which can then be approximated with a calculator.
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Change of Base Property
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