Problem

A company begins a radio advertising campaign in Chicago to market a new soft drink. The percentage of the target market that buys a soft drink is estimated by the function f(t)=100(1e0.05t), where t is the number of days of the campaign. After how long will 80% of the target market have bought the soft drink?
A. 32 days
B. 80 days
C. 3 days
D. 33 days

Answer

Expert–verified
Hide Steps
Answer

Final Answer: 32 days.

Steps

Step 1 :The problem is asking for the time it takes for 80% of the target market to have bought the soft drink. This means we need to solve the equation f(t)=80 for t. The equation is given by f(t)=100(1e0.05t).

Step 2 :We can rearrange this equation to solve for t.

Step 3 :t=ln(180100)0.05

Step 4 :By calculating the above expression, we get t32.1887582486820

Step 5 :Rounding to the nearest whole number, we get t=32 days.

Step 6 :Final Answer: 32 days.

link_gpt