Mathematics, 25.04.2020 02:57 lisaxo

The number of applications for patents, N, grew dramatically in recent years, with growth averaging about 4.6% per year. That is, Upper N prime (t )equals0.046Upper N (t ). a) Find the function that satisfies this equation. Assume that tequals0 corresponds to 1980, when approximately 117 comma 000 patent applications were received. b) Estimate the number of patent applications in 2025. c) Estimate the doubling time for Upper N (t ).

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The number of applications for patents, N, grew dramatically in recent years, with growth averaging...

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