Between 2006 and 2016, the number of applications for patents, N, grew by about 4.1% per year. That is, N'(t) = 0.041N(t). Find the function that satisfies this equation. Assume that t = 0 corresponds to 2006, when approximately 459,000 patent applications a) were received Estimate the number of patent applications in 2022. b) Estimate the rate of change in the number of patent applications in 2022. c) a) N(t) =

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
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3. Answer the questions to A,B, and C
Between 2006 and 2016, the number of applications for patents, N, grew by about 4.1% per year. That is, N'(t) = 0.041N(t).
a)
Find the function that satisfies this equation. Assume that t =0 corresponds to 2006, when approximately 459,000 patent applications
were received.
b)
Estimate the number of patent applications in 2022.
c)
Estimate the rate of change in the number of patent applications in 2022.
a) N(t) =
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Transcribed Image Text:Between 2006 and 2016, the number of applications for patents, N, grew by about 4.1% per year. That is, N'(t) = 0.041N(t). a) Find the function that satisfies this equation. Assume that t =0 corresponds to 2006, when approximately 459,000 patent applications were received. b) Estimate the number of patent applications in 2022. c) Estimate the rate of change in the number of patent applications in 2022. a) N(t) = Help me solve this View an example Get more help - Clear all Check answer Start
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