F.4 MATHS (log)

2010-03-06 6:16 pm
Solve each of the following logarithmic equations.

1.The value of a machine is$450 000 and its value depreciates by 20% every
year.At least how many years later will its value be less than$100 000?

ANS:7 years

2. Mr. chan borrows $10 000 from a bank at an interest rate of 12% p.a.
compounded monthly.For at most how many months can Mr. chan borrow
the money so that the total repayment to the bank will not exceed $11 000?

ANS:9 months

回答 (1)

2010-03-06 6:25 pm
✔ 最佳答案
(1) Depreciation factor = 0.8 each year, so suppose that n years later its value will be less than $100 000, then

450000 x 0.8n < 100000

0.8n < 2/9

n log 0.8 < log (2/9)

n > 6.74 (since log 0.8 < 0)

So 7 years later.

(2) 10000 x 1.01n <= 11000

1.01n <= 1.1

n log 1.01 <= log 1.1

n <= 9.58

So at most can borrow 9 months.
參考: Myself


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