To solve each problem, refer to the formulas for compound interest. A = P (1 + r/n)tn and A = Pert Find t, to the nearest hundredth of a year, if \$1786 becomes \$2063 at 2.6%, with interest compounded monthly.
Ch. 4 - Inverse, Exponential, and Logarithmic Functions

Chapter 5, Problem 101
Use properties of logarithms to rewrite each function, then graph. ƒ(x) = log2 [4 (x-3) ]
Verified step by step guidance1
Identify the logarithmic function given: \(f(x) = \log_{2} \left[ 4 (x-3) \right]\).
Use the product property of logarithms, which states \(\log_{a}(MN) = \log_{a} M + \log_{a} N\), to rewrite the function as \(f(x) = \log_{2} 4 + \log_{2} (x-3)\).
Recognize that \(\log_{2} 4\) is a constant since 4 is a power of 2. You can express it as \(\log_{2} 2^{2}\), which simplifies to \(2\) using the power property of logarithms: \(\log_{a} a^{k} = k\).
Rewrite the function as \(f(x) = 2 + \log_{2} (x-3)\), which is a vertical shift of the basic logarithmic function \(\log_{2} (x)\) by 3 units to the right and 2 units up.
To graph, start with the parent function \(y = \log_{2} x\), shift it right by 3 units to account for \((x-3)\), then shift the entire graph up by 2 units. Also, note the domain restriction \(x > 3\) because the argument of the logarithm must be positive.

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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Properties of Logarithms
Properties of logarithms include rules such as the product, quotient, and power rules, which allow the simplification and rewriting of logarithmic expressions. For example, the product rule states that log_b(MN) = log_b(M) + log_b(N), which helps break down complex arguments into simpler parts for easier manipulation and graphing.
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Change of Base Property
Logarithmic Function Transformation
Understanding how changes inside the logarithm's argument affect the graph is crucial. Horizontal shifts occur when the input variable is adjusted (e.g., x - 3 shifts the graph right by 3 units), and vertical shifts or stretches happen when the logarithm is multiplied or added to constants. Recognizing these transformations helps in sketching the graph accurately.
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Transformations of Logarithmic Graphs
Graphing Logarithmic Functions
Graphing logarithmic functions involves identifying key features such as the domain, vertical asymptote, intercepts, and general shape. The domain is restricted to values making the argument positive, and the vertical asymptote occurs where the argument equals zero. Plotting points after rewriting the function using logarithm properties aids in creating an accurate graph.
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Graphs of Logarithmic Functions
Related Practice
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