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August 1, 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.

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