MediumApplications

Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §6.3 Growth and Decay in Science and Economics, #42 · Differential Equations · Applications

Dollar bills decrease in value at … per year because of inflation

This problem is about the mathematics of finance.

Dollar bills decrease in value at $c = - .04$ per year because of inflation. If you hold $1000, w ha t i s t h e d ecr e a se in$ dt $y e a r s ? A tw ha t r a t e$ s$ should you print money to keep even?

~8 minWritten answer · check your work with Lemma

Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §6.3 Growth and Decay in Science and Economics, #42

Stuck? A gentle nudge

No hints for this one.

Something off?

Workspace

Your working

Check your full solution

Attach photos of your pages (up to 3) or one PDF — or check what you typed above. Lemma reads the work and verifies the reasoning, not just the answer.

Your first check today doesn't need an account.

Your photos and PDFs are read once and not stored — only the transcription is kept.