The number of applications for patents, N. grew dramatically in recent years, with growth averaging about 4.4% per year. That is, N'(t) = 0.044N(t). Find the function that satisfies this equation. Assume that t= 0 corresponds to 1980, when approximately 120.000 patent applications were received. b) Estimate the number of patent applications in 2015. Estimate the doubling time for N(t).
The number of applications for patents, N. grew dramatically in recent years, with growth averaging about 4.4% per year. That is, N'(t) = 0.044N(t). Find the function that satisfies this equation. Assume that t= 0 corresponds to 1980, when approximately 120.000 patent applications were received. b) Estimate the number of patent applications in 2015. Estimate the doubling time for N(t).
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 13EQ
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