Answer:
a.) [tex]N(x) = N_{0} e^{bx}[/tex]
b.) therefore b = [tex]\ln \frac{2142}{2100} = \ln (1.02) = 0.0198[/tex]
b is the rate of increase of number of members
c.) The club will not be able to get more than 5000 members during its first year.
Step-by-step explanation:
i) the club started with 2100 members.
so we can write [tex]N_{0}[/tex] = 2100.
a.) so we can write the equation as an exponential function given by
[tex]N(x) = N_{0} e^{bx}[/tex] where x is in months and b is a constant and N(x) is the number of members in the online music sharing club .
therefore 2142 = 2100 [tex]\times (e^{b\times 1})[/tex] = 2100[tex]e^{b}[/tex]
b.) therefore b = [tex]\ln \frac{2142}{2100} = \ln (1.02) = 0.0198[/tex]
b is the rate of increase of number of members
c.) Will the club have more than 5000 members during its first year? Justify your reasoning.
5000 = 2100[tex]e^{0.0198x}[/tex]
therefore x = [tex]\frac{1}{0.0198} \ln{(\frac{5000}{2100} )} = 43.81 \hspace{0.1cm}months[/tex]
The club will not be able to get more than 5000 members during its first year.