Suppose that a football coach gets a salary of one million dollars now, and a raise of 10% every year (so exponential growth model). Let s be the salary in millions of dollars, and t is time in years. (a) Write an initial value problem to represent the salary s. Label 0.2.14 (modified) (b) What is s(0) and s(1)

Answers

Answer 1

Answer:

a)

initial value problem representing the salary is; S(t) = 1.[tex]e^{0.10t}[/tex]  

b)

S(0) = 1

Therefore; S(0)  is 1 million dollar

S(1) = 1.105170918075647

Therefore; S(1)  is 1.105170918075647 million dollar

Step-by-step explanation:

Given that;

Initial salary of football coach = 1 million dollar

raise of 10% every year (so exponential growth model) r = 10% = 0.10

a) initial value problem to represent the salary

lets S represent salary in millions dollars and t represent time in years.

S(t) = S₀[tex]e^{rt}[/tex]

so,

at S₀ = 1 million dollars } { r = 0.10 }

S(t) = 1.[tex]e^{0.10t}[/tex]  

Therefore, initial value problem representing the salary is; S(t) = 1.[tex]e^{0.10t}[/tex]  

b) What is s(0) and s(1)

at s(0)

S(t) = 1.[tex]e^{0.10t}[/tex]  

we substitute

S(0) = 1.[tex]e^{0.10*0}[/tex]

S(0) = 1.[tex]e^{0}[/tex]

S(0) = 1

Therefore; S(0)  is 1 million dollar

at s(1)

S(t) = 1.[tex]e^{0.10t}[/tex]  

we substitute

S(1) = 1.[tex]e^{0.10*1}[/tex]

S(1) = 1.[tex]e^{0.10}[/tex]

S(1) = [tex]e^{0.10}[/tex]

S(1) = 1.105170918075647

Therefore; S(1)  is 1.105170918075647 million dollar

 


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