Math 1030 Assignment: Exponential and Linear Growth, Doubling Times, and Half-Lives, Assignments of Mathematics

An assignment from math 1030, due on october 26th, 2023. It covers topics related to exponential and linear growth, doubling times, and half-lives. Students are required to answer questions about the growth rates of various quantities, such as food prices, computer memory costs, and population sizes, using both approximate and exact calculations.

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Pre 2010

Uploaded on 08/30/2009

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Assignment 7
Math 1030
Due Friday, October 26th
1. Exponential and Linear Growth
Answer each of the following questions, and state whether it is an
example of linear growth, exponential growth, or exponential de-
crease.
(a) During the worst periods of hyperinflation in Brazil, the price of
food increased at a rate of 30% per month. If your food bill was
$120 one month during this period, what was it three months
later?
(b) The price of computer memory is decreasing at a rate of 12% per
year. If a memory chip costs $50 today, what will it cost in three
years?
(c) The population of Meadow View is increasing at a rate of 623
people per year. If the population is 2500 today, what will it be
in four years?
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Assignment 7

Math 1030

Due Friday, October 26th

  1. Exponential and Linear Growth

Answer each of the following questions, and state whether it is an example of linear growth, exponential growth, or exponential de- crease.

(a) During the worst periods of hyperinflation in Brazil, the price of food increased at a rate of 30% per month. If your food bill was $120 one month during this period, what was it three months later?

(b) The price of computer memory is decreasing at a rate of 12% per year. If a memory chip costs $50 today, what will it cost in three years?

(c) The population of Meadow View is increasing at a rate of 623 people per year. If the population is 2500 today, what will it be in four years?

  1. Doubling Time and Half-Life

Answer each of the following questions concerning doubling times and half-lives.

(a) The doubling time of a bank account balance is 10 years. By what factor does it grow in 30 years? in 50 years?

(b) The initial population of a town is 15,600, and it grows with a doubling time of 8 years. What will the population be in 12 years? In 24 years?

(c) The half-life of a drug in the bloodstream is 4 hours. By what factor does the concentration of the drug decrease in 24 hours? In 36 hours?

(d) Radium-226 is a metal with a half-life of 1600 years. If you start with 1 kilogram of radium-226, how much will remain after 1000 years? after 10,000 years?

  1. Logistic Population Growth

Consider a population that begins growing exponentilly at a base rate of 4 .0% per year and then follows a logistic growth pattern. If the carrying capacity is 60 million, find the actual growth rate when the population is 10 million, 30 million, and 50 million.