Between 2006 and 2016, the number of applications for patents, N, grew by about 4.8% per year. That is, N'(t) = 0.048N(t). а) Find the function that satisfies this equation. Assume that t = 0 corresponds to 2006, when approximately 447,000 patent applications were received. b) Estimate the number of patent applications in 2021. c) Estimate the rate of change in the number of patent applications in 2021. a) N(t) =
Between 2006 and 2016, the number of applications for patents, N, grew by about 4.8% per year. That is, N'(t) = 0.048N(t). а) Find the function that satisfies this equation. Assume that t = 0 corresponds to 2006, when approximately 447,000 patent applications were received. b) Estimate the number of patent applications in 2021. c) Estimate the rate of change in the number of patent applications in 2021. a) N(t) =
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
Related questions
Topic Video
Question
Trying to find a b and c
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 7 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.Recommended textbooks for you
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning