5.
\begin{figure}[h]
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\caption{Figure 2}
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The profit made by a company, \(\pounds P\) million, \(t\) years after the company started trading, is modelled by the equation
$$P = \frac { 4 t - 1 } { 10 } + \frac { 3 } { 4 } \ln \left[ \frac { t + 1 } { ( 2 t + 1 ) ^ { 2 } } \right]$$
The graph of \(P\) against \(t\) is shown in Figure 2.
According to the model,
- show that exactly one year after it started trading, the company had made a loss of approximately £ 830000
A manager of the company wants to know the value of \(t\) for which \(P = 0\)
- Show that this value of \(t\) occurs in the interval [6,7]
- Show that the equation \(P = 0\) can be expressed in the form
$$t = \frac { 1 } { 4 } + \frac { 15 } { 8 } \ln \left[ \frac { ( 2 t + 1 ) ^ { 2 } } { t + 1 } \right]$$
- Using the iteration formula
$$t _ { n + 1 } = \frac { 1 } { 4 } + \frac { 15 } { 8 } \ln \left[ \frac { \left( 2 t _ { n } + 1 \right) ^ { 2 } } { t _ { n } + 1 } \right] \text { with } t _ { 1 } = 6$$
find the value of \(t _ { 2 }\) and the value of \(t _ { 6 }\), giving your answers to 3 decimal places.
- Hence find, according to the model, how many months it takes in total, from when the company started trading, for it to make a profit.
(2)