document.write( "Question 579226: When a new game system first came out, it cost $500. Over the next couple of years, however, the price fell by 5% each month. Write a function to find the cost, C, after m months.
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document.write( "A)How many months did it take before the price of the game system fell to $200?
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document.write( "B)What was the cost of the game system after 2 years?\r
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document.write( "SOLVE USING LOGARITHMS(: \n" );
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Algebra.Com's Answer #370905 by dfrazzetto(283)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( "\n" ); document.write( "C = 500(1-.05)^n\r \n" ); document.write( "\n" ); document.write( "n=number of months\r \n" ); document.write( "\n" ); document.write( "a)\r \n" ); document.write( "\n" ); document.write( "200 = 500(.95)^n\r \n" ); document.write( "\n" ); document.write( "2/5 = (.95)^n; take log of both sides\r \n" ); document.write( "\n" ); document.write( "log (2/5) = n(log .95)\r \n" ); document.write( "\n" ); document.write( "n = (log 2/5)/(log .95)\r \n" ); document.write( "\n" ); document.write( "n = 17.86 months\r \n" ); document.write( "\n" ); document.write( "b)\r \n" ); document.write( "\n" ); document.write( "n = 24 months\r \n" ); document.write( "\n" ); document.write( "C = 500(.95)^24 \n" ); document.write( "C = 500(0.291989024) \n" ); document.write( "C = $146 \n" ); document.write( " |