Respuesta :
4=1.1e^(0.047t) divide both sides by 1.1
40/11=e^(0.047t) take the natural log of both sides
ln(40/11)=0.047t divide both sides by 0.047
t=ln(40/11)/0.047
t≈24.5
1980+24.5
2007.5
So during 2007 the price will reach $4.
40/11=e^(0.047t) take the natural log of both sides
ln(40/11)=0.047t divide both sides by 0.047
t=ln(40/11)/0.047
t≈24.5
1980+24.5
2007.5
So during 2007 the price will reach $4.
Answer:
The option A.) 2007 is correct
Step-by-step explanation:
The formula which is to be used is given :
[tex]P(t) = 1.1\cdot e^{0.047t}[/tex]
where P(t) is the function of time t and t is the time in years after January 1 , 1980
Now, we need to find the year when the price will reach $4
So, substituting P(t) = 4 and finding the value of t from the given equation.
[tex]\implies 4=1.1\cdot e^{0.047t}\\\\\implies 3.64=e^{0.047t}\\\\\text{Taking natural log ln on both the sides}\\\\\implies \ln 3.64=\ln e^{0.047t}\\\\\implies 1.29=0.047\cdot t\\\\\implies t = 27.49[/tex]
So, t = 27.49 which is approximately equals to 27.5 years
So, 27.5 years after January 1, 1980 is the year 2007
Hence, The price will reach $4 in the year 2007
Therefore, The option A.) 2007 is correct