Very Simple exponential growth problem

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Homework Help Overview

The discussion revolves around an exponential growth problem related to the value of farmland over time, specifically focusing on the rate of increase in value and the application of integration to determine future worth.

Discussion Character

  • Exploratory, Mathematical reasoning, Assumption checking

Approaches and Questions Raised

  • Participants discuss the integration of a given rate function to find the future value of the land. Questions arise regarding the inclusion of the initial value of the land and the constant of integration. There is also exploration of using definite versus indefinite integrals.

Discussion Status

Participants are actively engaging with the problem, sharing their integration results and questioning the implications of initial conditions. Some guidance has been offered regarding the constant of integration and its relation to the initial value of the land, but there is no explicit consensus on the correct approach or final answer.

Contextual Notes

There is mention of the initial value of the land being $500 per acre, which is a critical aspect of the problem that participants are trying to incorporate into their calculations. The discussion also reflects on the potential confusion between definite and indefinite integrals.

lmlgrey
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1. It is estimated that x years from now the value of an acre of farmland will be increasing at the rate of [tex]\frac{0.4x^3}{sqrt(0.2x^4+8000)}[/tex] dollars per year. If the land is worth 500 per acre, how much will it be worth in 10 years?



2. Use integral



Since the the function of money of time is the integral of the rate given, i integrated the function 0.4x
^3/sqrt(0.2x^4+8000)...The answer therefore represents D(t) (Dollar Vs. Time)... Then I substitue 10 years into the function, I got how much is it worth in 10 years. but the question is, what's the use of the detail "now its worth 500 per acre"? should i add 500 to the answer i have now? thanks!
 
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You have to include the constant of integration because you're working with an indefinite integral.

For example,
[itex]\int x^2 dx[/itex] = 1/3 x^3 + C

Your function D(t) should be D(t) + C. D(0) + C should be equal to 500.
 
Since "now" equals "0 years from now", another way to do exactly what Mark44 said is to use a definite integral from 0 to 10- and then, since the integral from "0 to 0" is 0, add the $500. I suspect that is what Imlgrey meant originally.
 
ok... It seems that i completely forgot the contant part :P
now I integrated the function and got:
D(x)= sqrt(0.2x^4+8000)+C
D(0)= sqrt(8000)+C
500= sqrt(8000)+C
C= 410.557
Then D(10) = sqrt(0.2*10^4+8000)+410.557= 510.557 acre ---- does it look right?

...also, if I do what Hallsofivy said, I would have
sqrt(0.2x^4+8000)+C|100

and solving that, I got a totally different answer...Did I do anything wrong?
 

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