Five years ago a family was in debt $9.000. They are now in debt $10,000. Assuming their indebtedness is changing at a rate proportional to their indebtedness, predict their indebted- ness 5 years from now.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
icon
Related questions
Question

What's the process to get the answer in this problem about application of differential equation? 

Five years ago a family was in debt $9.000. They are now in debt $10,000. Assuming their
indebtedness is changing at a rate proportional to their indebtedness, predict their indebted-
ness 5 years from now.
60
Ans: Ng =¢10, DOO
9
= $ 11, .1|
Transcribed Image Text:Five years ago a family was in debt $9.000. They are now in debt $10,000. Assuming their indebtedness is changing at a rate proportional to their indebtedness, predict their indebted- ness 5 years from now. 60 Ans: Ng =¢10, DOO 9 = $ 11, .1|
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College