Between 2006 and 2016, the number of applications for patents, N, grew by about 4.9% per year. That is, N'(t) = 0.049N(t). Find the function that satisfies this equation. Assume that t= 0 corresponds to 2006, when approximately 446,000 patent applications were received. a) Estimate the number of patent applications in 2021. b) c) Estimate the rate of change in the number of patent applications in 2021. a) N(1) = b) The number of patent applications in 2021 will be. (Round to the nearest whole number as needed.) c) The rate of change in the number of patent applications in 2021 is about (Round to the nearest whole number as needed.)
Between 2006 and 2016, the number of applications for patents, N, grew by about 4.9% per year. That is, N'(t) = 0.049N(t). Find the function that satisfies this equation. Assume that t= 0 corresponds to 2006, when approximately 446,000 patent applications were received. a) Estimate the number of patent applications in 2021. b) c) Estimate the rate of change in the number of patent applications in 2021. a) N(1) = b) The number of patent applications in 2021 will be. (Round to the nearest whole number as needed.) c) The rate of change in the number of patent applications in 2021 is about (Round to the nearest whole number as needed.)
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.87TI: Researchers recorded that a certain bacteria population grew from 100 to 500 in 6 hours. At this...
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