NAME__________________________________DATE_____________PERIOD_____ 7 -5 C Applications of Log and Exponential Functions Use the formula for compound interest r A P 1 n CC12 nt to solve. Show the (a) formula with numbers substituted, and (b) the answer. Round to the nearest cent. 1. $500 is invested at 6% annual interest, compounded quarterly. a. What is the balance after one year? b. What is the balance after seven years? c. When will the balance be $1000? 2. How much money must be deposited in an account that pays 9% annual interest, compounded monthly, to have a balance of $3000 after three years? 3. If $1000 is inivested in an account that pays 3.5% interest, how much will there be after 10 years if it is a. compounded monthly? b. compounded quarterly? 4. The value of a new $22,500 automobile decreases 20% per year. a. Find its value after one year. b. Find its value after 8 years. c. When will it be worth only $2000 ? 5. A sailboat depreciates at the rate of 12% per year. a. What would the value of a new $35,000 sailboat be after two years? b. When will it be worth $5000 ? 6. A certain bacteria population doubles in size every 12 hours. The initial population is 6 bacteria. a. How many bacteria will there be after 24 hours? b. How many bacteria will there be after three days? c. When will the bacteria population reach 1,000,000? Use the half-life formula 1 N No 2 t h where No is the initial amount, h is the half-life, t is the time and N is the final amount. Round to 3 decimal places. 7. Cobalt-60 has a half-life of about 5 years. How much of an 8-gram sample will remain after 30 years? 8. One isotope of chromium has a half-life of 20 hours. How much of a 100-gram sample is left after 100 hours? 9. How long would it take 80 grams of the chromium (half-life of 20 hours) to decay to 50 grams? 10. A fossil contains 47 mg of carbon-14. Determine the age of the fossil if it originally contained 93 mg of carbon-14 and the half-life of carbon-14 is 5570 years. 11. A fossil found at an archeological dig has 74 mg of carbon-14. If it originally contained 150 mg, use the carbon-14 dating formula to determine its age. The pH of a patient’s blood can be calculated using the Henderson-Hasselbach Formula: pH = 6.1 + log B C where B is the concentration of bicarbonate and C is the concentration of carbonic acid. The normal pH is approximately 7.4. 10. A patient has a bicarbonate concentration of 24 and a carbonic concentration of 1.9. Find the pH of the patient’s blood. 11. A patient with a normal blood pH has a bicarbonate concentration of 24. Find the concentration of carbonic acid. When it is compounded continuously, the amount in an account after t years is where r is the annual interest rate and P is the principal. A = Pert, 12. You deposit $1200 in an account that pays 5% interest. Find the amount in the account after 10 years if it is compounded continuously. 13. You deposit $2000 in an account that pays 3.5% interest. Find the amount in the account after 5 years, if it is compounded continuously. 14. If money is invested in an account paying 4.5% interest compounded continuously, how long will it take for the investment to double? 15. The population of bacteria can be represented by the formula N = Noekt, where No is the initial number of bacteria in the culture. N is the number after t hours, and k is a constant determined by the type of bacteria and the conditions. When will a culture of 300 bacteria, where k = 0.068, reach a count of 10,000? 16. A college math class consists of 32 students. On Monday at 9 AM, the teacher tells one student to notify the others that the test scheduled for Wednesday at 9 AM has been cancelled. The model for the number of students in the class who have heard this information after t hours is N = 32 – 32e-0.02t. After how many hours will half of the class have been notified? 17. A container of ice cream arrives home from the supermarket at a temperature of 65 0F. It is placed in the freezer which has a temperature of 200F. How long will it take the ice cream to reach a temperature of 320, if the rate of cooling is 0.1070F per minute? Use Newton’s law of cooling: Tf = Tr + (To – Tr)e-rt. 18. The power of supply of a satellite decreases exponentially over the time it is being used. The equation for determining the power supply P, in watts, after t days is P = the number of days it will take for the power supply to be less than 30W. 50e t 250 . Determine 19. The cooling model for tea served in a 6 oz cup is Tf = Tr + (To – Tr)e-.41t. If the original temperature of the tea was 2000F and the room temperature is 680F, determine after how many minutes the tea will be 850F. 20. The internal temperature of a roast beef is 1500F when it is removed from the oven. It is set on a kitchen counter where the room temperature is 770F. Using Newton’s law of cooling, Tf = Tr + (To – Tr)e-rt with a cooling rate of 0.06, determine after how many minutes the temperature of the roast beef will be 2/3 of the original temperature.