Name _________________________________________ MATH 2040 ONLINE Test 1 Chapters 2 & 3 Fall, 2019

1. (20 Points) Write an equation in vertex form for the graph below (𝑦 = 𝑎(𝑥 − ℎ)2 + 𝑘), where
𝑎 = 1 𝑜𝑟 𝑎 = −1, 𝑎𝑛𝑑 ℎ 𝑎𝑛𝑑 𝑘 𝑎𝑟𝑒 𝑖𝑛𝑡𝑒𝑔𝑒𝑟𝑠. (Each tic mark equals 1)

Each tick mark represents one unit, so the window is -7 < x < 2 and -10 < y < 2.

The equation in vertex form is y = ____________________________________

The coordinates of the vertex are ____________________________________

The vertex is a minimum or a maximum? ______________________________

The range of the function written as an inequality or in interval notation is: ________________________

2. (10 Points) Use you graphing calculator to find the solution of the following equation, rounded to two decimal
places.
2 − 5𝑥 − 𝑥 2 = 0

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3. (25 Points) The marketing research department of a company that manufactures and sells notebook computers
has determined the following revenue and cost functions:
𝑹(𝒙) = 𝒙(𝟐𝟎𝟎𝟎 − 𝟔𝟎𝒙) 𝑎𝑛𝑑 𝑪(𝒙) = 𝟒𝟎𝟎𝟎 + 𝟓𝟎𝟎𝒙 𝑤ℎ𝑒𝑟𝑒 𝑏𝑜𝑡ℎ 𝑓𝑢𝑛𝑐𝑡𝑖𝑜𝑛𝑠 ℎ𝑎𝑣𝑒 𝑎 𝑑𝑜𝑚𝑎𝑖𝑛 𝑜𝑓 0 ≤ 𝑥 ≤ 40
Use a y-window from 0 – 25,000.
a. Find the break-even points. How many computers must be made for the company to break-even?___________

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b. Find the profit function P(x). Write the function in simplified form. P(x) = _______________________________

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c. Using your calculator, find the maximum profit. ______________________________

d. How many computers must be sold to make the maximum profit? ________________________

e. What is the relationship between the break-even points and the x-intercepts of P(x)?
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4. (20 Points) How many quarters will it take for an investment of $7000 to grow to $9400 is it is invested at 9%
compounded quarterly? Remember that t is measured in years. Write out the formula that you are going to use
and then place the numbers in the formula appropriately. Show your work. Round your answer up to the
nearest quarter.

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5. (20 Points) Solve the following equation for x using the properties of logarithms. Show your work. Verify that your
solutions are valid.
𝑙𝑜𝑔𝑏 𝑥 + 𝑙𝑜𝑔𝑏 (𝑥 − 4) = 𝑙𝑜𝑔𝑏 21

6. (10 Points) Write the following exponential equation in equivalent logarithmic form.
3⁄
8=4 2

7. (20 Points) Solve the following logarithmic equation for x, using the properties of logarithms. Show your work.
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𝑙𝑜𝑔𝑏 𝑥 = 3𝑙𝑜𝑔𝑏 2 + 𝑙𝑜𝑔𝑏 25 − 𝑙𝑜𝑔𝑏 20
2

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 8. (𝟐𝟎 𝐏𝐨𝐢𝐧𝐭𝐬)How many years (to 2 decimal places)will it take an investment of $35,000 to grow to $50,000
if it is invested at 4.75% compounded continuously? Write out the formula that you are going to use and then
place the numbers in the formula appropriately. Show your work.

9. (20 Points) You want to purchase a car for $21,600. The dealer offers you 0% financing for 48 months or a $3000
rebate. You can obtain 4.8% financing for 48 months at a local bank. Which option is the better deal and by how
much? Show your work and explain clearly how one deal is better than the other.

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10. (20 Points) What is the value of an ordinary annuity at the end of 12 years if $250 per month is deposited into an
account earning 7.25% interest compounded monthly? Write out the formula that you are going to use and
then place the numbers in the formula appropriately. Show your work. Round your answer to the nearest
penny.

11. (25 Points) A bank will loan up to 75% of the equity in a home. A family purchased their home 8 years ago for
$83,000. The home was financed by paying 20% down and signing a 30-year mortgage at 8.4% for the balance.
Equal monthly payments were to be made over the 30 years. The market value of the house in now $115,000.
After making the 96th payment, the family applied to the bank for the maximum loan. Show your work. Write out
the formula that you are going to use and then place the numbers in the formula appropriately. Round your
answer to the nearest penny.

a. What is the amount of the original mortgage?

b. What are the payments that the family will make on the mortgage?

c. How much will the family owe on the mortgage after making their 96th payment? HINT: They will owe the bank
264 payments.

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 d. How much equity does the family have in the home after making their 96th payment?

e. What is the maximum loan that the bank will allow?

12. (20 Points) A person deposits $350 each month into an IRA which pays 8.3% compounded monthly for 25 years.
Show your work. Write out the formula that you are going to use and then place the numbers in the formula
appropriately. Round your answer to the nearest penny.

a. How much will be in the account after 25 years?

b. If the person immediately begins to withdraw money from the account, as they have retired, how long can
they withdraw $2,500 per month if the account continues to earn the same interest?

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13. (10 Points) The number of reports of a certain virus has increased exponentially since 1960. The current
number of cases can be approximated using the function r(t) = 207 e0.005t, where t is the number
of years since 1960. Estimate the number of cases in the year 2010.

14. (10 Points) Use a calculator to evaluate the expression. Round the result to five decimal places.

log8 36.8

15. (10 Points) Convert to a logarithmic equation. 𝑒 𝑡 = 5.6