Compounded inflation The U.S. government reports the rate of inflation (as measured by the consumer index) both monthly and annually. Suppose for a particular month, the monthly rate of inflation is reported as 0.8%. Assuming this rate remains constant, what is the corresponding annual rate of inflation? Is the annual rate 12 times the monthly rate? Explain.

Determine whether the following statements are true and give an explanation or counterexample.

(4x+1)^{ln x} = x^ln(4x+1)

Explain why b^x = e^xlnb.

Overtaking City A has a current population of 500,000 people and grows at a rate of 3%/yr. City B has a current population of 300,000 and grows at a rate of 5%/yr.

b. Suppose City C has a current population of y₀ < 500,000 and a growth rate of p > 3%/yr. What is the relationship between y₀ and p such that Cities A and C have the same population in 10 years?

Chemotherapy In an experimental study at Dartmouth College, mice with tumors were treated with the chemotherapeutic drug Cisplatin. Before treatment, the tumors consisted entirely of clonogenic cells that divide rapidly, causing the tumors to double in size every 2.9 days. Immediately after treatment, 99% of the cells in the tumor became quiescent cells which do not divide and lose 50% of their volume every 5.7 days. For a particular mouse, assume the tumor size is 0.5 cm³ at the time of treatment.

a. Find an exponential decay function V₁(t) that equals the total volume of the quiescent cells in the tumor t days after treatment.

Chemotherapy In an experimental study at Dartmouth College, mice with tumors were treated with the chemotherapeutic drug Cisplatin. Before treatment, the tumors consisted entirely of clonogenic cells that divide rapidly, causing the tumors to double in size every 2.9 days. Immediately after treatment, 99% of the cells in the tumor became quiescent cells which do not divide and lose 50% of their volume every 5.7 days. For a particular mouse, assume the tumor size is 0.5 cm³ at the time of treatment.

d. Plot a graph of V(t) for 0 ≤ t ≤ 15. What happens to the size of the tumor, assuming there are no follow-up treatments with Cisplatin?

Rule of 70 Bankers use the Rule of 70, which says that if an account increases at a fixed rate of p%/yr, its doubling time is approximately 70/p. Use linear approximation to explain why and when this is true.

In Exercises 5 and 6, solve for t.

6. ln(t-2) = ln8 - ln(t)

In Exercises 1–4, solve for t.

1. a. e^(-0.3t) = 27