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Mathematics
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Applied Calculus
Quiz 10: Geometric Series
Path 4
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Question 21
Short Answer
A school librarian estimates that 2% of the library's books are either lost or damaged each year and need to be pulled from the shelves. There are currently 250,000 books in circulation, and the library adds 6,000 books each year. Is the library currently gaining or losing books?
Question 22
Short Answer
Twice a day, a patient takes a 25 mg tablet of a drug. At the end of a 12 hour period, 35% of the drug remains in the body. How many mg of the drug remain in the body right after taking the 6
th
tablet? Round to 2 decimal places.
Question 23
Short Answer
A new drug to control high blood pressure is found to have a half life of 2 days. How many milligrams of the drug would need to be given daily to achieve a steady state of 600 mg? Round to the nearest whole number.
Question 24
Short Answer
Find the market stabilization point if 5000 new units are manufactured each year and 15% of the total number of units in use fail each year.
Question 25
Short Answer
A new drug to control high blood pressure is found to have a half life of 2 days. A patient takes two 50 milligram tablets of the drug at the same time each day. How many milligrams of the drug are in the body after the 8
th
dose? Round to 2 decimal places.
Question 26
Short Answer
A yearly deposit of $10,000 is made into an account that pays 4.7% interest per year, compounded annually. What is the balance right after the 8
th
deposit? Round to the nearest cent.
Question 27
Multiple Choice
An employee is offered two options: a fixed annual salary of $50,000, or $1 the first month, $2 the second month, $4 the next month, and so on (doubling each month) . If the employee plans to work for two years, which option should he choose?
Question 28
Short Answer
A school librarian estimates that 2.5% of the library's books are either lost or damaged each year and need to be pulled from the shelves. There are currently 250,000 books in circulation, and the library adds 6000 books each year. What will the stabilization point be for the number of books in the library?
Question 29
Short Answer
A scholarship fund is set up to award 5 scholarships of $6000 each per year. The fund earns 4% annual interest. How much money should be invested if the scholarships are to be continued forever? Round to the nearest dollar.
Question 30
Short Answer
At the end of the year 2000, the total reserves of a natural resource was approximately 500,000 m
3
. During 2001, 4000 m
3
of the resource was consumed, and consumption was predicted to increase 9% per year after that. Under these assumptions, how many years (after the year 2000) will the resource last? Round to 1 decimal place.
Question 31
Short Answer
Twice a day, a patient takes a 25 milligrams tablet of a drug. At the end of a 12 hour period, 25% of the drug remains in the body. How many milligrams of the drug remain in the body at the steady state level, right after taking a tablet?