Thursday
July 24, 2014

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

Math - The home that you purchased in 2004 steadily increased in value for the ...
calculus - writing an exponential equation The function gives the value of a ...
Algerbra 2 - alex buys a home for 118000. her home increases in value 9% each ...
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 $...
Helpppp Math!!! - The market value (in thousands of dollars)of a certain home is...
personal finance - Katherine Kosher has determined the following information ...
math - The value of a new car decreases exponentially.Suppose your mother buys a...
Algebra - If the trend for the growth in the median home value continues=d, what...
FIN/371 - a bond that has a $1,000 par value (face value) and a contract or ...

Search
Members