JNBirDy
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Homework Statement
You borrow money from a friend at a continuous interest rate of r% per month. You want to pay your friend back as quickly as you can at the beginning, but reduce your payment rate over time. You decide to pay off at a continuously decreasing rate given by K₀e^{-at}, in dollars per month.
Write a differential equation that describes how much you owe and solve it.
Homework Equations
None
The Attempt at a Solution
Let S be the amount borrowed -
dS/dt = rS - K₀e^{-at}
S' - rS = -K₀e^{-at}
S'(I(x)) - rS(I(x)) = -K₀e^{-at}(I(x))
Se^{-rt} = -K₀\inte^{-t(a+r)}
Se^{-rt} = ...
This is where I get stuck, I have don't understand how to integrate -K₀\inte^{-t(a+r)}, any hints?