Saturday
April 18, 2015

Homework Help: Calculus

Posted by Jamie on Tuesday, June 17, 2014 at 9:52am.

The median value of a home in a particular market is decreasing exponentially. If the value of a home
was initially $240,000, then its value two years later is $235,000.

a) Write a differential equation that models this situation. Let V represent the value of the home (in thousands of dollars) and t represent the number of years since its value was $240,000.

For this, I got dV/dt = kV but I'm not positive it's correct. I also need to solve for the particular solution in terms of V and t and I'm not sure how to do that.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

calculus - writing an exponential equation The function gives the value of a ...
Math - The home that you purchased in 2004 steadily increased in value for the ...
Algerbra 2 - alex buys a home for 118000. her home increases in value 9% each ...
personal finance - Katherine Kosher has determined the following information ...
math - The value of a new car decreases exponentially.Suppose your mother buys a...
calculus - An automobile with seven years of use has a commercial value of $...
calculus - X. An automobile with seven years of use has a commercial value of $...
Calculus - The Market value of a house is predicted to increase at an annual ...
Math - A house had an original value of $80,000. After 2 years, the new value ...
Financial accounting 2 - If a building cost $600,000, has an estimated residual ...

Members