The change in price of a certain currency is defined by the function C(x)=2x³-63.x²+408-x+26, where 3 < x < 18, represents the last 15 years and C(x) is its price (in dollars) at time x. Using Derivatives only, answer the following questions: a) What was its price at the start of this period: b) Calculate the year it had its maximum value: c) What was its maximum value: [ dollars. ✔ dollars. ✓
The change in price of a certain currency is defined by the function C(x)=2x³-63.x²+408-x+26, where 3 < x < 18, represents the last 15 years and C(x) is its price (in dollars) at time x. Using Derivatives only, answer the following questions: a) What was its price at the start of this period: b) Calculate the year it had its maximum value: c) What was its maximum value: [ dollars. ✔ dollars. ✓
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.CR: Chapter 3 Review
Problem 8CR
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![The change in price of a certain currency is defined by the function
C(x)=2x³-63.x²+408-x+26,
where 3 < x < 18, represents the last 15 years and C(x) is its price (in dollars) at time x.
Using Derivatives only, answer the following questions:
a) What was its price at the start of this period:
b) Calculate the year it had its maximum value:
c) What was its maximum value:
dollars.
d) Calculate the year it had its minimum value:
e) What was its minimum value:
✔ dollars.
dollars.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafc0ef95-09de-4812-b80a-c2b9c517d81a%2Fd7ea5b45-f37b-4b79-8bcd-34c9da7de449%2Fdz3g1c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The change in price of a certain currency is defined by the function
C(x)=2x³-63.x²+408-x+26,
where 3 < x < 18, represents the last 15 years and C(x) is its price (in dollars) at time x.
Using Derivatives only, answer the following questions:
a) What was its price at the start of this period:
b) Calculate the year it had its maximum value:
c) What was its maximum value:
dollars.
d) Calculate the year it had its minimum value:
e) What was its minimum value:
✔ dollars.
dollars.
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