81. Exponential growth: Similar to a small town
doubling in size after a discovery of gold, a
business that develops a product in high demand
has the potential for doubling its revenue each year
for a number of years. The revenue would be
modeled by the function where R
0
represents the initial revenue, and R(t) represents
the revenue after t years. (a) How much revenue is
being generated after 4 yr, if the company’s initial
revenue was $2.5 million? (b) How many years
does it take for the business to be generating
$320 million in revenue?
82. Exponential growth: If a company’s revenue
grows at a rate of 150% per year (rather than
doubling as in Exercise 81), the revenue would be
modeled by the function where R
0
represents the initial revenue, and R(t) represents
the revenue after t years. (a) How much revenue is
being generated after 3 yr, if the company’s initial
revenue was $256 thousand? (b) How long until the
business is generating $1944 thousand in revenue?
(Hint: Reduce the fraction.)
Photochromatic sunglasses: Sunglasses that darken in
sunlight (photochromatic sunglasses) contain millions of
molecules of a substance known as silver halide. The
molecules are transparent indoors in the absence of
ultraviolent (UV) light. Outdoors, UV light from the sun
causes the molecules to change shape, darkening the lenses
in response to the intensity of the UV light. For certain
lenses, the function models the transparency
of the lenses (as a percentage) based on a UV index x. Find
the transparency (to the nearest percent), if the lenses are
exposed to
83. sunlight with a UV index of 7
(a high exposure).
84. sunlight with a UV index of 5.5
(a moderate exposure).
T1x2 0.85
x
R1t2 R
0
1
3
2
2
t
,
R1t2 R
0
2
t
,
85. Given that a UV index of 11 is very high and most
individuals should stay indoors, what is the
minimum transparency percentage for these
lenses?
86. Use trial-and-error to determine the UV index
when the lenses are 50% transparent.
Modeling inflation: Assuming the rate of inflation is 5%
per year, the predicted price of an item can be modeled by
the function where P
0
represents the
initial price of the item and t is in years. Use this
information to solve Exercises 87 and 88.
87. What will the price of a new car be in the year
2010, if it cost $20,000 in the year 2000?
88. What will the price of a gallon of milk be in the
year 2010, if it cost $2.95 in the year 2000? Round
to the nearest cent.
Modeling radioactive decay: The half-life of a radioactive
substance is the time required for half an initial amount of
the substance to disappear through decay. The amount of
the substance remaining is given by the formula
where h is the half-life, t represents the
elapsed time, and Q(t) represents the amount that remains
(t and h must have the same unit of time). Use this
information to solve Exercises 89 and 90.
89. Some isotopes of the substance known as thorium
have a half-life of only 8 min. (a) If 64 grams are
initially present, how many grams (g) of the
substance remain after 24 min? (b) How many
minutes until only 1 gram (g) of the substance
remains?
90. Some isotopes of sodium have a half-life of about
16 hr. (a) If 128 g are initially present, how many
grams of the substance remain after 2 days (48 hr)?
(b) How many hours until only 1 g of the substance
remains?
Q1t2 Q
0
1
1
2
2
t
h
,
P1t2 P
0
11.052
t
,
4-25
Section 4.2 Exponential Functions 435
EXTENDING THE CONCEPT
91. The formula gives the probability that
“x” number of flips result in heads (or tails). First
determine the probability that 20 flips results in 20
heads in a row. Then use the Internet or some other
resource to determine the probability of winning a
state lottery (expressed as a decimal). Which has
the greater probability? Were you surprised?
92. If , what is the value of ?
93. If , what is the value of 5
2x
?5
3x
27
10
x
10
2x
25
f1x2 1
1
2
2
x
94. If , what is the value of ?
95. If , what is the value of ?
The growth rate constant that governs an exponential
function was introduced on page 427.
96. In later sections, we will easily be able to find the
growth constant k for Goldsboro, where
a
1
2
b
x
a
1
2
b
x1
1
3
3
x1
3
0.5x
5
College Algebra—
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