326 Chapter 5: Logarithmic, Exponential, and Other Transcendental Functions
____ 16. If the annual rate of inflation averages over the next years, the approximate
cost of goods or services during any year in that decade is where is the time in
years and is the present cost. The price of an oil change for your car is presently . Estimate
the price years from now. Round your answer to two decimal places.
a. $26.30
b. $30.67
c. $78.89
d. $25.61
e. $94.31
____ 17. If the annual rate of inflation averages over the next years, the approximate
cost of goods or services during any year in that decade is where is the time in
years and is the present cost. The price of an oil change for your car is presently . Find the
rate of change of with respect to when . Round your answer to three decimal places.
a. 32.176 dollars per year
b. 1.966 dollars per year
c. 2.293 dollars per year
d. 5.962 dollars per year
e. 32.730 dollars per year
____ 18. Suppose that was invested at an annual rate of percent compounded
times per year. Determine the balance in the account after years for each of the following values of
( corresponds to continuous compounding of interest).
a.
b.
c.
d.
e.
____ 19. Determine the balance of an account after 25 years where and
compounded continuously. Round your answer to the nearest cent.
a. $28,773.01
b. $14,386.51
c. $5,997.19
d. $7,095.34
e. $82,788.63