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.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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...
icon
Related questions
Question
17
Between 2006 and 2016, the number of applications for patents, N, grew by about 4.9% per year. That is, N'(I) = 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)
Estimate the rate of change in the number of patent applications in 2021.
c)
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.)
Transcribed Image Text:Between 2006 and 2016, the number of applications for patents, N, grew by about 4.9% per year. That is, N'(I) = 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) Estimate the rate of change in the number of patent applications in 2021. c) 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.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax