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). a) Find the function that satisfies this equation. Assume that t=0 corresponds to 2006, when approximately 450,000 patent applications were received. b) Estimate the number of patent applications in 2021.
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). a) Find the function that satisfies this equation. Assume that t=0 corresponds to 2006, when approximately 450,000 patent applications were received. b) Estimate the number of patent applications in 2021.
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter10: Radical Functions And Equations
Section: Chapter Questions
Problem 9CR
Related questions
Question
100%
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).
a)
|
|
Find the function that satisfies this equation. Assume that
t=0
corresponds to
2006,
when approximately
450,000
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.
|
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