Problem 35
Question
Suppose the amount of oil pumped from one of the canyon wells in southern California decreases at the continuous rate of \(10 \%\) per year. When will the well's output fall to one-fifth of its present value?
Step-by-Step Solution
Verified Answer
The well's output will fall to one-fifth of its present value in about 16.09 years.
1Step 1: Understand the problem statement
We need to determine when the output from the well, which decreases at a continuous rate of 10% per year, reaches one-fifth of its current value. Essentially, we are solving for time (t) in years.
2Step 2: Set up the exponential decay formula
Since the amount of oil decreases continuously, we use the exponential decay formula: \( A(t) = A_0 e^{-rt} \). Here, \( A_0 \) is the initial amount, \( r \) is the rate of decay (0.10), and \( t \) is the time in years.
3Step 3: Establish the condition for one-fifth of the present value
We want the output to become \( \frac{1}{5} \) of its current value. Substitute into the decay formula: \( \frac{1}{5}A_0 = A_0 e^{-0.10t} \).
4Step 4: Simplify the equation
Divide both sides by \( A_0 \) (assuming \( A_0 eq 0 \)) to get \( \frac{1}{5} = e^{-0.10t} \).
5Step 5: Solve for \( t \) using natural logarithms
Take the natural logarithm of both sides to solve for \( t \):\[ \ln\left(\frac{1}{5}\right) = -0.10t \]Then, isolate \( t \):\[ t = \frac{\ln\left(\frac{1}{5}\right)}{-0.10} \]
6Step 6: Calculate the value of \( t \)
Compute the value of \( t \):\[\ln\left(\frac{1}{5}\right) \approx -1.60944 \]\[t = \frac{-1.60944}{-0.10} \approx 16.0944\]Therefore, it takes approximately 16.09 years.
Key Concepts
Exponential FunctionsNatural LogarithmsLogarithmic Equations
Exponential Functions
Exponential functions are mathematical expressions where a constant base is raised to a variable exponent. These functions are at the heart of various natural phenomena and many equations in science, particularly those depicting growth and decay processes.
A key characteristic of exponential functions is their continuous and consistent rate of change. In simpler terms, these functions either grow or decay at a constant percentage rate over time. The general formula for an exponential function is given by:
Understanding how these functions work is crucial, especially when predicting future values given a continuous rate of change. Take careful note of the signs in the exponent to determine if the scenario depicts growth (positive) or decay (negative).
A key characteristic of exponential functions is their continuous and consistent rate of change. In simpler terms, these functions either grow or decay at a constant percentage rate over time. The general formula for an exponential function is given by:
- \( A(t) = A_0 e^{rt} \) for growth
- \( A(t) = A_0 e^{-rt} \) for decay
Understanding how these functions work is crucial, especially when predicting future values given a continuous rate of change. Take careful note of the signs in the exponent to determine if the scenario depicts growth (positive) or decay (negative).
Natural Logarithms
Natural logarithms are a specific type of logarithm where the base is the mathematical constant \( e \) (approximately 2.71828). They are incredibly useful in equations where processes are measured continuously, just like exponential functions.
The natural logarithm of a number is written as \( \ln(x) \), and it provides the exponent to which \( e \) must be raised to obtain that number. For example, if \( e^y = x \), then \( \ln(x) = y \). These logarithms simplify many complex exponential equations, especially when isolating variables like time or rates.
The natural logarithm of a number is written as \( \ln(x) \), and it provides the exponent to which \( e \) must be raised to obtain that number. For example, if \( e^y = x \), then \( \ln(x) = y \). These logarithms simplify many complex exponential equations, especially when isolating variables like time or rates.
- When solving exponential decay problems, natural logarithms help in rearranging the formula to solve for time \( t \).
- The formula \( \ln(x) \) is instrumental in transitioning from exponential form to linear form.
Logarithmic Equations
Logarithmic equations involve variables contained within logarithm functions. They are crucial in situations where the behavior of an exponential function needs to be studied in reverse. Practically speaking, they enable us to calculate unknown exponents.
To solve a logarithmic equation, you essentially reverse the process of taking a power of a number. Here’s a simple way to understand it:
To solve a logarithmic equation, you essentially reverse the process of taking a power of a number. Here’s a simple way to understand it:
- Convert the logarithmic equation into an exponential form to isolate the variable. For example, if given \( \log_b(y) = x \), then the equivalent statement is \( b^x = y \).
- In our context involving continuous decay, natural logarithms (where base \( b \) is \( e \)) become instrumental since they simplify the mathematics involved.
Other exercises in this chapter
Problem 34
Gives a formula for a function \(y=f(x) .\) In each case, find \(f^{-1}(x)\) and identify the domain and range of \(f^{-1} .\) As a check, show that \(f\left(f^
View solution Problem 34
Find the derivative of \(y\) with respect to \(x, t,\) or \(\theta,\) as appropriate. $$y=\ln \sqrt{\frac{(x+1)^{5}}{(x+2)^{20}}}$$
View solution Problem 35
Find the derivative of \(y\) with respect to the appropriate variable. $$y=\sinh ^{-1}(\tan x)$$
View solution Problem 35
Use l'Hôpital's rule to find the limits. $$\lim _{y \rightarrow 0} \frac{\sqrt{5 y+25}-5}{y}$$
View solution