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Mathematics
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College Algebra
Quiz 4: Exponential and Logarithmic Functions
Path 4
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Question 81
Multiple Choice
A stock analyst attempts to express the price p of a share of XYZ stock as an exponentially increasing function of the time since XYZ's initial public offering (IPO) :
, where m is the number of months since the IPO.The price of a share was $10.00 at the time of the IPO and $13.60 four months after the IPO.What is the approximate value of k? Round to the nearest thousandth.
Question 82
Multiple Choice
On the Richter scale, the magnitude
of an earthquake of intensity
per unit of area is given by
where
is the minimum intensity used for comparison.Find the magnitude
(on the Richter scale) of an earthquake of intensity
Round to the nearest thousandth.
Question 83
Multiple Choice
Estimate the percentage of radioactive material that remains in a sample after 5 years if the half-life of the material is 299 days.Round to the nearest hundredth of a percent.
Question 84
Multiple Choice
An investment is expected to pay 11% per year compounded continuously.If you want the value of the investment to be $900,000 after 25 years, how much should you invest initially? Round to the nearest dollar.