Question:The function f is defined by the given equation. The equation can be rewritten as \(\mathrm{f(x) = (1 + p/100)}^{\mathrm{x}}\),...
GMAT Advanced Math : (Adv_Math) Questions
The function f is defined by the given equation. The equation can be rewritten as \(\mathrm{f(x) = (1 + p/100)}^{\mathrm{x}}\), where \(\mathrm{p}\) is a constant. Which of the following is closest to the value of \(\mathrm{p}\)?
\(\mathrm{f(x) = (1.05)}^{\mathrm{4x}}\)
10
16
21
46
1. TRANSLATE the problem information
- Given: \(\mathrm{f(x) = (1.05)^{4x}}\)
- Need to find: Value of p where \(\mathrm{f(x) = (1 + p/100)^x}\)
- This means we need these two expressions to be equivalent for all x-values
2. INFER the key relationship
- For two exponential expressions to be equal for ALL x-values, their bases must be equal
- Since \(\mathrm{(1.05)^{4x} = ((1.05)^4)^x}\), we need:
\(\mathrm{(1.05)^4 = 1 + p/100}\)
3. SIMPLIFY to find the base value
- Calculate \(\mathrm{(1.05)^4}\):
- First: \(\mathrm{(1.05)^2 = 1.1025}\)
- Then: \(\mathrm{(1.05)^4 = (1.1025)^2 = 1.21550625}\) (use calculator)
4. SIMPLIFY to solve for p
- Set up the equation: \(\mathrm{1 + p/100 = 1.21550625}\)
- Subtract 1: \(\mathrm{p/100 = 0.21550625}\)
- Multiply by 100: \(\mathrm{p = 21.550625}\)
5. APPLY CONSTRAINTS to select final answer
- Looking at answer choices: (A) 10, (B) 16, (C) 21, (D) 46
- Our calculated value 21.55 is closest to 21
Answer: C
Why Students Usually Falter on This Problem
Most Common Error Path:
Weak INFER skill: Students may not recognize that the bases must be equal for exponential equations to be equivalent for all x-values. Instead, they might try to manipulate the exponents directly or attempt to substitute specific x-values, leading to confusion about how to proceed systematically. This leads to abandoning the systematic approach and guessing.
Second Most Common Error:
Poor SIMPLIFY execution: Students correctly identify that \(\mathrm{(1.05)^4 = 1 + p/100}\), but make calculation errors when computing \(\mathrm{(1.05)^4}\). Common mistakes include:
- Computing \(\mathrm{(1.05)^2}\) incorrectly as 1.10 instead of 1.1025
- Making arithmetic errors when squaring 1.1025
- Incorrectly solving \(\mathrm{p/100 = 0.21550625}\) for p
These calculation errors could lead them to values closer to other answer choices, causing them to select Choice A (10) or Choice B (16).
The Bottom Line:
This problem requires recognizing that exponential function equivalence depends on base equality, combined with careful multi-step calculations. The key insight is understanding when two exponential expressions represent the same function.
10
16
21
46