NYU Polytechnic School Of Engineering MA 1154 WORKSHEET # 3 Date: Print Name: Signature: Section: Instructor: Dr. Manocha ID #: Directions: Complete all questions clearly and neatly. You must show all work to have credit. Unclear work will not be graded. THIS IS A CRUCIAL HOMEWORK UNDERSTAND IT WELL FOR YOUR NEXT EXAM. Problem Possible 1 10 2 10 3 10 4 10 5 10 6 10 7 10 8 10 9 10 10 10 Total 100 Points Your signature: (1) Use the properties of exponents to simplify the given expression. (a) (x2 y −3 z)3 (b) x3 y −2 z4 1/6 Your signature: (2) Solve for x: x−1 1 2 = 23−2x (a) 8 1−3x2 1 (b) = 34x 9 Your signature: (3) Find the present value of $10, 000 over a term of 5 years at an annual interest rate of 7% if interest is compounded: (a) Annually (b) Quarterly (c) Daily (use 365 days) (d) Continuously Your signature: (4) Esmeralda needs $5, 000 for a trip to Peru when she graduates from college in 4 years. How much must she invest now at an annual interest rate of 5% compounded continuously to achieve her goal? Your signature: (5) In terms of effective interest rate, order the following nominal rate investments from lowest to highest: (a) 4.87% compounded quarterly (b) 4.85% compounded monthly (c) 4.81% compounded daily (365 days) (d) 4.79% compounded continuously Your signature: (6) It is estimated that t years after 2005, the population of a certain country will be P (t) million people where P (t) = 2 · 50.018t (a) What was the population in 2005? (b) What will the population be in 2015? Your signature: (7) Evaluate each of the following expressions: (a) e3 ln 2−2 ln 5 √ e3 e (b) ln 1/3 e Your signature: (8) Simplify each of the following: 2 x (3 − x)2/3 (a) ln √ x2 + x + 1 (b) ln √ 4 x √ x3 1 − x2 Your signature: (9) Solve for x: (a) 5 = 3 ln x − (b) 1 ln x 2 25e0.1x = 10 e0.1x + 3 Your signature: (10) A manufacturer determines that the supply function for x units of a particular commodity is S(x) = ln(x + 2) and the correspinding demand function is D(x) = 10 − ln(x + 1). (a) Find the demand price p = D(x) when the level of production is x = 10 units. (b) Find the supply price p = S(x) when x = 100 units. (c) Find the level of production and unit price that correspond to market equilibrium (where supply = demand).
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