Final answer:
In 2003, there were approximately 152,000 college graduates. The year when there will be 70,000 college graduates is approximately 31 years after 1985.
Step-by-step explanation:
To find the number of college graduates in 2003, we can substitute t = 2003 in the given equation:
n = 46 log(2003 + 3)
n = 46 log(2006)
Using a calculator, we find that log(2006) ≈ 3.302
n = 46 * 3.302
n ≈ 151.892
Round to the nearest thousand, there were approximately 152,000 college graduates in 2003.
To find the year when there will be 70,000 college graduates, we set n = 70:
70 = 46 log(t + 3)
Divide both sides by 46:
log(t + 3) = 70/46
log(t + 3) ≈ 1.522
Now we need to solve for t. To do this, we can convert the logarithmic equation into an exponential equation:
t + 3 = 10^(1.522)
t + 3 ≈ 33.529
Subtract 3 from both sides:
t ≈ 30.529
Rounding to the nearest whole year, there will be approximately 31 college graduates in the year 31 after 1985.