The price of a motor car P is related to its age t by the differential equation. dP 2P 10+t dt a) Solve this equation to obtain P, given that the price of the car when new is K15,000. b) At what age will the price of the car be half the initial price?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The price of a motor car P is related to its age t by the differential equation.
dP
2P
10 + t
dt
a) Solve this equation to obtain P, given that the price of the car when new is K15,000.
b) At what age will the price of the car be half the initial price?
Transcribed Image Text:The price of a motor car P is related to its age t by the differential equation. dP 2P 10 + t dt a) Solve this equation to obtain P, given that the price of the car when new is K15,000. b) At what age will the price of the car be half the initial price?
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