Math Problem Statement

Evaluate the following expression. 13 comma 000 e Superscript 0.03 left parenthesis 30 right parenthesis Question content area bottom Part 1 13 comma 000 e Superscript 0.03 left parenthesis 30 right parenthesisequals    enter your response here ​(Do not round until the final answer. Then round to two decimal places as​ needed.)

Solution

To evaluate the expression 13,000e0.033013,000 \cdot e^{0.03 \cdot 30}, let's break it down step-by-step.

  1. Evaluate the exponent: 0.0330=0.90.03 \cdot 30 = 0.9

  2. Calculate e0.9e^{0.9}: Using the approximate value of e0.92.4596e^{0.9} \approx 2.4596.

  3. Multiply by 13,000: 13,0002.4596=31,974.813,000 \cdot 2.4596 = 31,974.8

After rounding to two decimal places, the answer is:

31,974.80\boxed{31,974.80}

Would you like more details, or do you have any questions?

Related Questions

  1. What would happen if the exponent was 0.04 instead of 0.03?
  2. How would you solve this if the base was 12,000 instead of 13,000?
  3. Can you derive the general formula for PertP \cdot e^{rt} where rr and tt are variables?
  4. How does changing the exponent affect the growth rate in this type of equation?
  5. What are some common applications of exponential functions in finance?

Tip: When dealing with exponential growth, small changes in the exponent can lead to significant differences in the final value.

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Math Problem Analysis

Mathematical Concepts

Exponential Functions
Algebra
Growth Calculations

Formulas

Exponential function formula P * e^(rt)

Theorems

Properties of Exponents
Euler's Number (e)

Suitable Grade Level

Grades 10-12