What is the hourly revenue if there is no decrease in price?
1 answer:
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Answer:
Step-by-step explanation:
This is an exponential equation that is solved by taking the natural log of both sides. The equation is
If we are looking for x when f(x) = 64, then
Take the natural log of both sides:
The rules of logs allows us to bring the x down in front:
Divide both sides by ln(2) to get:
Do this on your calculator to get that x = 6.
You could also have just gone right to your calculator and started raising 2 to consecutive powers starting at like 3 or 4 to eventually get that 2 to the 6th power is equal to 64, but for the basics of solving log equations, you need to know how to do this.
