(a) Explanation Formula used: The loan to be paid is computed on solving the differential equation S ′ ( t ) = r S ( t ) + k where r is the interest rate accrued per month and n is the number of compounding periods. Calculation: It is given that the loan amount is $150,000. Suppose that the interest rate is 6% where the interest is compounded continuously. Then the monthly interest becomes 6 % / 12 = 0.005 % . The payment made monthly, k is 800 + 10 t . By formula, the differential equation becomes d S d t = 0.005 S − ( 800 + 10 t ) d S d t − 0.005 S = − 800 − 10 t Obtain the integrating factor as u ( t ) = e ∫ − 0.005 d t = e − 0.005 t . Then, obtain the solution as S = 1 u ( t ) ( ∫ k u ( t ) d t + C ) = 1 e − 0.005 t ∫ ( − 800 − 10 t ) ( e − 0.005 t ) d t + C e − 0.005 t = 1 e − 0.005 t ⋅ ( − 800 − 10 t ) ⋅ e − 0.005 t − 0.005 − 1 e − 0.005 t ∫ ( − 10 ) ( e − 0.005 t − 0.005 ) d t + C e − 0 (b) To determine To find: The amount of loan that could be paid off in exactly 20 years.

Elementary Differential Equations and Boundary Value Problems, 11e WileyPLUS Registration Card + Loose-leaf Print Companion

11th Edition

ISBN: 9781119336617

Author: William E. Boyce, Richard C. DiPrima

Publisher: Wiley (WileyPLUS Products)

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Question

Chapter 2.3, Problem 8P

(a)

To determine

To find: The time by which the loan will be fully paid.

(b)

To determine

To find: The amount of loan that could be paid off in exactly 20 years.

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Chapter 2.3, Problem 7P

Chapter 2.3, Problem 9P

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Chapter 2 Solutions

Elementary Differential Equations and Boundary Value Problems, 11e WileyPLUS Registration Card + Loose-leaf Print Companion

Ch. 2.1 - Prob. 1P Ch. 2.1 - Prob. 2P Ch. 2.1 - Prob. 3P Ch. 2.1 - Prob. 4P Ch. 2.1 - Prob. 5P Ch. 2.1 - Prob. 6P Ch. 2.1 - Prob. 7P Ch. 2.1 - Prob. 8P Ch. 2.1 - Prob. 9P Ch. 2.1 - Prob. 10P

Ch. 2.1 - Prob. 11P Ch. 2.1 - Prob. 12P Ch. 2.1 - Prob. 13P Ch. 2.1 - Prob. 14P Ch. 2.1 - Prob. 15P Ch. 2.1 - Prob. 16P Ch. 2.1 - Prob. 17P Ch. 2.1 - Prob. 18P Ch. 2.1 - Prob. 19P Ch. 2.1 - Prob. 20P Ch. 2.1 - Prob. 21P Ch. 2.1 - Prob. 22P Ch. 2.1 - Prob. 23P Ch. 2.1 - Prob. 24P Ch. 2.1 - Prob. 25P Ch. 2.1 - Prob. 26P Ch. 2.1 - Prob. 27P Ch. 2.1 - Variation of Parameters. Consider the following...Ch. 2.1 - Prob. 29P Ch. 2.1 - In each of Problems 29 and 30, use the method of...Ch. 2.2 - Prob. 1P Ch. 2.2 - Prob. 2P Ch. 2.2 - Prob. 3P Ch. 2.2 - Prob. 4P Ch. 2.2 - Prob. 5P Ch. 2.2 - Prob. 6P Ch. 2.2 - In each of Problems 1 through 8, solve the given...Ch. 2.2 - In each of Problems 1 through 8, solve the given...Ch. 2.2 - Prob. 9P Ch. 2.2 - Prob. 10P Ch. 2.2 - Prob. 11P Ch. 2.2 - Prob. 12P Ch. 2.2 - Prob. 13P Ch. 2.2 - Prob. 14P Ch. 2.2 - Prob. 15P Ch. 2.2 - Prob. 16P Ch. 2.2 - Prob. 17P Ch. 2.2 - Prob. 18P Ch. 2.2 - Prob. 19P Ch. 2.2 - Prob. 20P Ch. 2.2 - Prob. 21P Ch. 2.2 - Prob. 22P Ch. 2.2 - Prob. 23P Ch. 2.2 - Prob. 24P Ch. 2.2 - Prob. 25P Ch. 2.2 - Prob. 26P Ch. 2.2 - Prob. 27P Ch. 2.2 - Prob. 28P Ch. 2.2 - Prob. 29P Ch. 2.2 - Prob. 30P Ch. 2.2 - Prob. 31P Ch. 2.3 - Prob. 1P Ch. 2.3 - Prob. 2P Ch. 2.3 - Prob. 3P Ch. 2.3 - Prob. 4P Ch. 2.3 - Prob. 5P Ch. 2.3 - Prob. 6P Ch. 2.3 - Prob. 7P Ch. 2.3 - Prob. 8P Ch. 2.3 - Prob. 9P Ch. 2.3 - Prob. 10P Ch. 2.3 - Prob. 11P Ch. 2.3 - Prob. 12P Ch. 2.3 - Prob. 13P Ch. 2.3 - Prob. 14P Ch. 2.3 - Prob. 15P Ch. 2.3 - Prob. 16P Ch. 2.3 - Assume that the conditions are as in Problem 16...Ch. 2.3 - Prob. 18P Ch. 2.3 - Prob. 19P Ch. 2.3 - Prob. 20P Ch. 2.3 - Prob. 21P Ch. 2.3 - Prob. 22P Ch. 2.3 - Prob. 23P Ch. 2.3 - Prob. 24P Ch. 2.4 - In each of Problems 1 through 6, determine...Ch. 2.4 - Prob. 2P Ch. 2.4 - Prob. 3P Ch. 2.4 - Prob. 4P Ch. 2.4 - Prob. 5P Ch. 2.4 - Prob. 6P Ch. 2.4 - Prob. 7P Ch. 2.4 - Prob. 8P Ch. 2.4 - Prob. 9P Ch. 2.4 - Prob. 10P Ch. 2.4 - Prob. 11P Ch. 2.4 - Prob. 12P Ch. 2.4 - Prob. 13P Ch. 2.4 - Prob. 14P Ch. 2.4 - Prob. 15P Ch. 2.4 - Prob. 16P Ch. 2.4 - Prob. 17P Ch. 2.4 - Prob. 18P Ch. 2.4 - Prob. 19P Ch. 2.4 - Prob. 20P Ch. 2.4 - Prob. 21P Ch. 2.4 - Prob. 22P Ch. 2.4 - Prob. 23P Ch. 2.4 - Prob. 24P Ch. 2.4 - Prob. 25P Ch. 2.4 - Prob. 26P Ch. 2.4 - Prob. 27P Ch. 2.5 - Prob. 1P Ch. 2.5 - Prob. 2P Ch. 2.5 - Prob. 3P Ch. 2.5 - Prob. 4P Ch. 2.5 - Prob. 5P Ch. 2.5 - Prob. 6P Ch. 2.5 - Prob. 7P Ch. 2.5 - Prob. 8P Ch. 2.5 - Prob. 9P Ch. 2.5 - Prob. 10P Ch. 2.5 - Prob. 11P Ch. 2.5 - Prob. 12P Ch. 2.5 - Prob. 13P Ch. 2.5 - Prob. 14P Ch. 2.5 - Prob. 15P Ch. 2.5 - Prob. 16P Ch. 2.5 - Prob. 17P Ch. 2.5 - Prob. 18P Ch. 2.5 - Prob. 19P Ch. 2.5 - Prob. 20P Ch. 2.5 - Prob. 21P Ch. 2.5 - Prob. 22P Ch. 2.5 - Prob. 23P Ch. 2.5 - Prob. 24P Ch. 2.5 - Prob. 25P Ch. 2.5 - Prob. 26P Ch. 2.5 - Prob. 27P Ch. 2.6 - Prob. 1P Ch. 2.6 - Prob. 2P Ch. 2.6 - Prob. 3P Ch. 2.6 - Prob. 4P Ch. 2.6 - Prob. 5P Ch. 2.6 - Prob. 6P Ch. 2.6 - Prob. 7P Ch. 2.6 - Prob. 8P Ch. 2.6 - Prob. 9P Ch. 2.6 - Prob. 10P Ch. 2.6 - Prob. 11P Ch. 2.6 - Prob. 12P Ch. 2.6 - Prob. 13P Ch. 2.6 - Prob. 14P Ch. 2.6 - Prob. 15P Ch. 2.6 - Prob. 16P Ch. 2.6 - Prob. 17P Ch. 2.6 - Prob. 18P Ch. 2.6 - Prob. 19P Ch. 2.6 - Prob. 20P Ch. 2.6 - Prob. 21P Ch. 2.6 - Prob. 22P Ch. 2.7 - Prob. 1P Ch. 2.7 - Prob. 2P Ch. 2.7 - Prob. 3P Ch. 2.7 - Prob. 4P Ch. 2.7 - Prob. 5P Ch. 2.7 - Prob. 6P Ch. 2.7 - Prob. 7P Ch. 2.7 - Prob. 8P Ch. 2.7 - Prob. 9P Ch. 2.7 - Prob. 10P Ch. 2.7 - Prob. 11P Ch. 2.7 - Prob. 12P Ch. 2.7 - Prob. 14P Ch. 2.7 - Prob. 15P Ch. 2.7 - Prob. 16P Ch. 2.7 - Prob. 17P Ch. 2.8 - Prob. 1P Ch. 2.8 - Prob. 2P Ch. 2.8 - Prob. 3P Ch. 2.8 - Prob. 4P Ch. 2.8 - Prob. 5P Ch. 2.8 - Prob. 6P Ch. 2.8 - Prob. 7P Ch. 2.8 - Prob. 8P Ch. 2.8 - Prob. 9P Ch. 2.8 - Prob. 10P Ch. 2.8 - Prob. 11P Ch. 2.8 - Prob. 12P Ch. 2.8 - Prob. 13P Ch. 2.8 - Prob. 14P Ch. 2.8 - Prob. 15P Ch. 2.8 - Prob. 16P Ch. 2.8 - Prob. 17P Ch. 2.8 - Prob. 18P Ch. 2.9 - Prob. 1P Ch. 2.9 - Prob. 2P Ch. 2.9 - Prob. 3P Ch. 2.9 - Prob. 4P Ch. 2.9 - Prob. 5P Ch. 2.9 - Prob. 6P Ch. 2.9 - Prob. 7P Ch. 2.9 - Prob. 8P Ch. 2.9 - Prob. 9P Ch. 2.9 - Prob. 10P Ch. 2 - Prob. 1MP Ch. 2 - Prob. 2MP Ch. 2 - Prob. 3MP Ch. 2 - Prob. 4MP Ch. 2 - Prob. 5MP Ch. 2 - Prob. 6MP Ch. 2 - Prob. 7MP Ch. 2 - Prob. 8MP Ch. 2 - Prob. 9MP Ch. 2 - Prob. 10MP Ch. 2 - Prob. 11MP Ch. 2 - Prob. 12MP Ch. 2 - Prob. 13MP Ch. 2 - Prob. 14MP Ch. 2 - Prob. 15MP Ch. 2 - Prob. 16MP Ch. 2 - Prob. 17MP Ch. 2 - Prob. 18MP Ch. 2 - Prob. 19MP Ch. 2 - Prob. 20MP Ch. 2 - Prob. 21MP Ch. 2 - Prob. 22MP Ch. 2 - Prob. 23MP Ch. 2 - Prob. 24MP Ch. 2 - Prob. 25MP Ch. 2 - Prob. 28MP Ch. 2 - Prob. 29MP Ch. 2 - Prob. 31MP Ch. 2 - Prob. 32MP Ch. 2 - Prob. 33MP Ch. 2 - Prob. 34MP Ch. 2 - Prob. 35MP Ch. 2 - Prob. 36MP Ch. 2 - Prob. 37MP

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