Let K(t) denote the amount of capital accumulated at time t as a result of a...
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Let K(t) denote the amount of capital accumulated at time t as a result of a investment flow I(t)=K'(t)=9000t^{\frac{1}{6}}. Suppose the initial capital K(0)=0. Calculate the number of years required before the capital stock exceeds 100 000. Round your answer to 2 decimal places. Let K(t) denote the amount of capital accumulated at time t as a result of a investment flow I(t)=K'(t)=9000t^{\frac{1}{6}}. Suppose the initial capital K(0)=0. Calculate the number of years required before the capital stock exceeds 100 000. Round your answer to 2 decimal places.
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From the given information we can calculate the capital stock Kt as f... View the full answer
Related Book For
Differential Equations and Linear Algebra
ISBN: 978-0131860612
2nd edition
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West
Posted Date:
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