The resale value V of a piece of industrial equipment has been found to behave according to the function: V = 150,000e -0.075t where t = years since original purchase. (a) What was the original value of the piece of equipment? (b) What is the expected resale value after years? (c) How long does it takes for the resale value of the asset to reach 75 percent of its original value?

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.