Math Problem Statement

write the exponential function in the form y = ae^kt. Find k accurate to four decimal places. If t is measured in years, give the percent annual growth rate and the continuous percent growth rate per year. y=4000(0.51)^t

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Functions
Logarithms
Growth and Decay

Formulas

Exponential form: y = ae^{kt}
Natural logarithm: ln(x)
Annual growth rate: (base - 1) * 100
Continuous growth rate: k * 100

Theorems

Properties of Logarithms
Exponential Growth and Decay Theorem

Suitable Grade Level

Grades 10-12