1960 AMC 12 Problem 17

Attempt Problem 17 of the 1960 AMC 12 below, then check your answer against the professionally curated solution from LIVE by Po-Shen Loh. You can also try the full timed exam, view all 1960 AMC 12 solutions, or check the answer key.

All problems are used with official legal permission of the Mathematical Association of America (MAA).

17.

The formula N=8⋅108⋅x−32N=8\cdot10^8\cdot x^{-\frac{3}{2}} gives, for a certain group, the number of individuals whose income exceeds xx dollars. The lowest income, in dollars, of the wealthiest 800800 individuals is at least:
10410^4
10610^6
10810^8
101210^{12}
101610^{16}
Answer: A
Concepts:exponentalgebraic manipulation
Small hint:
Set N=800N=800 at the income cutoff
Big hint:
After simplifying powers of 10,10, solve x32=106x^{\frac{3}{2}}=10^6
Solution:
At the cutoff, 800=8⋅108x−32. 800=8\cdot10^8x^{-\frac{3}{2}}. Hence x32=106,x^{\frac{3}{2}}=10^6, and raising both sides to the 23\frac{2}{3} power gives x=104.x=10^4.
Thus, the correct answer is A.
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