Precalculus with Limits: A Graphing Approach
Precalculus with Limits: A Graphing Approach
7th Edition
ISBN: 9781305071711
Author: Ron Larson
Publisher: Brooks/Cole
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Concept explainers

Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…
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Question
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Chapter 3.4, Problem 149E
To determine

In what year were there about 6300 commercial banks?

Expert Solution & Answer
Check Mark

Answer to Problem 149E

Therewere about 6300 commercial banks in 2012.

Explanation of Solution

Given:

The numbers y of commercial banks in the United Statesfrom 2007 through 2013 can be modeled by y=11,912−2340.1ln(t), 7≤t≤13 , where trepresents the year, t=7 corresponding 2007.

Calculation:

To solve our given problem, we will substitute y=6300 in our given function as shown below:

  y=11,912−2340.1ln(t) (Given equation)6300=11,912−2340.1ln(t) (Substituting y=6300)6300−11,912=11,912−11,912−2340.1ln(t) (Subtracting 11,912 from both sides)−5612=−2340.1ln(t)−5612−2340.1=−2340.1ln(t)−2340.1 (Dividing both sides by −2340.1)ln(t)=2.39818811162t=e2.39818811162 (Converting log to exponential form)t=11.0032216987

Since it took more than 11 years to have about 6300 commercial banks, therefore,there were about 6300 commercial banks in 2012.

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Chapter 3.4, Problem 148E
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Chapter 3.4, Problem 150E

Chapter 3 Solutions

Precalculus with Limits: A Graphing Approach

Ch. 3.1 - Prob. 1ECh. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Prob. 10E
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Prob. 40ECh. 3.6 - Prob. 41ECh. 3.6 - Prob. 42ECh. 3.6 - Prob. 43ECh. 3.6 - Prob. 44ECh. 3.6 - Prob. 45ECh. 3.6 - Prob. 46ECh. 3.6 - Prob. 47ECh. 3.6 - Prob. 48ECh. 3.6 - Prob. 49ECh. 3.6 - Prob. 50ECh. 3 - Prob. 1RECh. 3 - Prob. 2RECh. 3 - Prob. 3RECh. 3 - Prob. 4RECh. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - Prob. 7RECh. 3 - Prob. 8RECh. 3 - Prob. 9RECh. 3 - Prob. 10RECh. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - Prob. 14RECh. 3 - Prob. 15RECh. 3 - Prob. 16RECh. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Prob. 19RECh. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - Prob. 25RECh. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Prob. 29RECh. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Prob. 35RECh. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Prob. 38RECh. 3 - Prob. 39RECh. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Prob. 43RECh. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - Prob. 46RECh. 3 - Prob. 47RECh. 3 - Prob. 48RECh. 3 - Prob. 49RECh. 3 - Prob. 50RECh. 3 - Prob. 51RECh. 3 - Prob. 52RECh. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - Prob. 55RECh. 3 - Prob. 56RECh. 3 - Prob. 57RECh. 3 - Prob. 58RECh. 3 - Prob. 59RECh. 3 - Prob. 60RECh. 3 - Prob. 61RECh. 3 - Prob. 62RECh. 3 - Prob. 63RECh. 3 - Prob. 64RECh. 3 - Prob. 65RECh. 3 - Prob. 66RECh. 3 - Prob. 67RECh. 3 - Prob. 68RECh. 3 - Prob. 69RECh. 3 - Prob. 70RECh. 3 - Prob. 71RECh. 3 - Prob. 72RECh. 3 - Prob. 73RECh. 3 - Prob. 74RECh. 3 - Prob. 75RECh. 3 - Prob. 76RECh. 3 - Prob. 77RECh. 3 - Prob. 78RECh. 3 - Prob. 79RECh. 3 - Prob. 80RECh. 3 - Prob. 81RECh. 3 - Prob. 82RECh. 3 - Prob. 83RECh. 3 - Prob. 84RECh. 3 - Prob. 85RECh. 3 - Prob. 86RECh. 3 - Prob. 87RECh. 3 - Prob. 88RECh. 3 - Prob. 89RECh. 3 - Prob. 90RECh. 3 - Prob. 91RECh. 3 - Prob. 92RECh. 3 - Prob. 93RECh. 3 - Prob. 94RECh. 3 - Prob. 95RECh. 3 - Prob. 96RECh. 3 - Prob. 97RECh. 3 - Prob. 98RECh. 3 - Prob. 99RECh. 3 - Prob. 100RECh. 3 - Prob. 101RECh. 3 - Prob. 102RECh. 3 - Prob. 103RECh. 3 - Prob. 104RECh. 3 - Prob. 105RECh. 3 - Prob. 106RECh. 3 - Prob. 107RECh. 3 - Prob. 108RECh. 3 - Prob. 109RECh. 3 - Prob. 110RECh. 3 - Prob. 111RECh. 3 - Prob. 112RECh. 3 - Prob. 113RECh. 3 - Prob. 114RECh. 3 - Prob. 115RECh. 3 - Prob. 116RECh. 3 - Prob. 117RECh. 3 - Prob. 118RECh. 3 - Prob. 119RECh. 3 - Prob. 120RECh. 3 - Prob. 121RECh. 3 - Prob. 122RECh. 3 - Prob. 123RECh. 3 - Prob. 124RECh. 3 - Prob. 125RECh. 3 - Prob. 126RECh. 3 - Prob. 127RECh. 3 - Prob. 128RECh. 3 - Prob. 129RECh. 3 - Prob. 130RECh. 3 - Prob. 131RECh. 3 - Prob. 132RECh. 3 - Prob. 133RECh. 3 - Prob. 134RECh. 3 - Prob. 135RECh. 3 - Prob. 136RECh. 3 - Prob. 137RECh. 3 - Prob. 138RECh. 3 - Prob. 139RECh. 3 - Prob. 140RECh. 3 - Prob. 1CTCh. 3 - Prob. 2CTCh. 3 - Prob. 3CTCh. 3 - Prob. 4CTCh. 3 - Prob. 5CTCh. 3 - Prob. 6CTCh. 3 - Prob. 7CTCh. 3 - Prob. 8CTCh. 3 - Prob. 9CTCh. 3 - Prob. 10CTCh. 3 - Prob. 11CTCh. 3 - Prob. 12CTCh. 3 - Prob. 13CTCh. 3 - Prob. 14CTCh. 3 - Prob. 15CTCh. 3 - Prob. 16CTCh. 3 - Prob. 17CTCh. 3 - Prob. 18CTCh. 3 - Prob. 19CTCh. 3 - Prob. 20CTCh. 3 - Prob. 21CTCh. 3 - Prob. 22CTCh. 3 - Prob. 23CTCh. 3 - Prob. 24CTCh. 3 - Prob. 25CTCh. 3 - Prob. 26CTCh. 3 - Prob. 27CTCh. 3 - Prob. 28CTCh. 3 - Prob. 1CLTCh. 3 - Prob. 2CLTCh. 3 - Prob. 3CLTCh. 3 - Prob. 4CLTCh. 3 - Prob. 5CLTCh. 3 - Prob. 6CLTCh. 3 - Prob. 7CLTCh. 3 - Prob. 8CLTCh. 3 - Prob. 9CLTCh. 3 - Prob. 10CLTCh. 3 - Prob. 11CLTCh. 3 - Prob. 12CLTCh. 3 - Prob. 13CLTCh. 3 - Prob. 14CLTCh. 3 - Prob. 15CLTCh. 3 - Prob. 16CLTCh. 3 - Prob. 17CLTCh. 3 - Prob. 18CLTCh. 3 - Prob. 19CLTCh. 3 - Prob. 20CLTCh. 3 - Prob. 21CLTCh. 3 - Prob. 22CLTCh. 3 - Prob. 23CLTCh. 3 - Prob. 24CLTCh. 3 - Prob. 25CLTCh. 3 - Prob. 26CLTCh. 3 - Prob. 27CLTCh. 3 - Prob. 28CLTCh. 3 - Prob. 29CLTCh. 3 - Prob. 30CLTCh. 3 - Prob. 31CLTCh. 3 - Prob. 32CLTCh. 3 - Prob. 33CLTCh. 3 - Prob. 34CLTCh. 3 - Prob. 35CLTCh. 3 - Prob. 36CLTCh. 3 - Prob. 37CLTCh. 3 - Prob. 38CLTCh. 3 - Prob. 39CLTCh. 3 - Prob. 40CLTCh. 3 - Prob. 41CLTCh. 3 - Prob. 42CLTCh. 3 - Prob. 43CLTCh. 3 - Prob. 44CLTCh. 3 - Prob. 45CLTCh. 3 - Prob. 46CLTCh. 3 - Prob. 47CLT
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