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    Differential Equations : Rate of Change Application Problem and Wronskian

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    1) Miss X would like to take out a mortgage to buy a house in Leicester. The bank will charge her interest at a fixed rate of 6.1% per year compounded continuously. Miss X is able to pay money back continuously at a rate of £6000 per year.

    ? Make a continuous model of her economic situation, i.e. write a differential equation together with initial condition for the balance B(t) she owes the bank at time t.
    ? What is the maximum mortgage Miss X can take that she can replay in finite time?
    ? If the repayment period is 25 years, what is the maximum mortgage Miss X can take?

    2) Consider the functions 1.

    ? Write the Wronskian of these functions
    ? Evaluate the Wronskian
    ? Are these functions linearly independent or linearly dependent? Explain why.

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    https://brainmass.com/math/calculus-and-analysis/differential-equations-rate-change-application-problem-wronskian-27727

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    1) Miss X would like to take out a mortgage to buy a house in Leicester. The bank will charge her interest at a fixed rate of 6.1% per year compounded continuously. Miss X is able to pay money back continuously at a rate of £6000 per year.

    • Make a continuous model of her economic situation, i.e. write a differential equation together with initial condition for the balance B(t) she owes the bank at time ...

    Solution Summary

    A Rate of Change Application Problem and Wronskian are solved . The solution is detailed and well presented.

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