Mathematics, 17.12.2019 00:31, reemoe
Aperson borrows $10,000 and repays the loan at the rate of $2,400 per year. the lender charges interest of 10% per year. assuming the payments are made continuously and interest is compounded continuously (a pretty good approximation to reality for long-term loans), the amount m(t) of money (in dollars) owed t years after the loan is made satisfies the differential equationdmdt = 110 m − 2400and the initial conditionm(0) = 1.(a) solve this initial-value problem for m(t).m(t) = (b) how long does it take to pay off the loan? that is, at what time t is m(t) = 0? give your answer (in years) in decimal form with at least 3 decimal digits. years
Answers: 2
Mathematics, 21.06.2019 20:30, raquelqueengucci25
Evaluate 8j -k+148j−k+14 when j=0.25j=0.25 and k=1k=1.
Answers: 1
Mathematics, 22.06.2019 00:30, JGottem6489
If you invest 1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years? a. electronics worth $1,650 b. fitness equipment worth $1,700 c. a holiday package worth $2,000
Answers: 2
Aperson borrows $10,000 and repays the loan at the rate of $2,400 per year. the lender charges inter...
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