Answer:Therefore, the optimal time until harvest is 9.8 years.
Explanation:
The function V(t)=2+4t approximates the volume of timber in a forest at a period of time (t). The change in the volume of timber at time period 10 is calculated as follows:
V(10) = 2 + 4 * 10 = 42
The percentage change in the volume of timber at time period 10 is calculated as follows:
g(10) = 4 / (2 + 4 * 10) = 0.0909
To the nearest two decimal places, the percentage change in the volume of timber at time period 10 is 0.09.
The optimal time until harvest (t) when the interest rate is 12.59 is calculated as follows:
g(t) = 12.59
4 / (2 + 4t) = 12.59
2 + 4t = 32
4t = 30
t = 7.5
Therefore, the optimal time until harvest is 7.5 years.
The optimal time until harvest (t) when the interest rate falls to 10.3 is calculated as follows:
g(t) = 10.3
4 / (2 + 4t) = 10.3
2 + 4t = 41.2
4t = 39.2
t = 9.8