subject
Mathematics, 23.03.2020 16:45 Arealbot

A certain small country has $10 billion in paper currency in circulation, and each day $50 million comes into the country's banks. The government decides to introduce new currency by having the banks replace old bills with new ones whenever old currency comes into the banks. Since both old bills and new bills will come into the banks while the new currency is gradually introduced, we will need to solve a differential equation to track the amount of new currency in circulation at a given time. Let x (t) denote the amount of new currency, in billions of $, in circulation after t days. We've shown that new currency is introduced at the rate 10 - x (t) / 10 0.05, which simplifies to 0.005 (10 - x (t)). This justifies that x (t) satisfies the differential equation dx / dt = 0.005 (10 - x). (a) Solve the differential equation to find x (t). (b) At what time t will new bills make up 90% of the currency in circulation?

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:30, carriecarl3530
State whether weight is a function of height for the six students and explain. a. yes, height is a function of weight because two students weigh 165 pounds but have different heights. b. no, height is not a function of weight because two students weigh 165 pounds but have different heights. c. yes, weight is a function of height because for each value of height there is one corresponding value of weight. d. no, weight is not a function of height because there is not enough data to determine a function.
Answers: 1
image
Mathematics, 21.06.2019 21:30, Jordandenzel
Olive's solar powered scooter travels at a rate of 30 miles per hour. what equation can she use to calculate her distance with relation to the time she traveled? h=hours m=miles 1. h=m+30 2. m=30h 3. m=h+30 4. h=30m
Answers: 2
image
Mathematics, 22.06.2019 00:00, AnonymousLizard52303
The probability that a tutor will see 0, 1, 2, 3, or 4 students is given below determine the probability distribution's missing value.
Answers: 1
image
Mathematics, 22.06.2019 04:30, dinecree
Darcy bought 1/2 pound of cheese and 3/4 pound of hamburger for a barbecue. use the numbers to compare the amounts of cheese and hamburger darcy bought.
Answers: 1
You know the right answer?
A certain small country has $10 billion in paper currency in circulation, and each day $50 million c...

Questions in other subjects: