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The rate of reduction of person's assets...

The rate of reduction of person's assets is proportional to square-root of his exising assets. In 2 years, his assets reduce from 25 lakhs to 6.25 lakhs, then the person will be bankrupt in another

A

4 years

B

3 years

C

2 years

D

1 years

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to model the situation using a differential equation based on the information provided. Let's break this down step by step. ### Step 1: Set up the differential equation The problem states that the rate of reduction of a person's assets is proportional to the square root of his existing assets. We can express this mathematically as: \[ -\frac{dx}{dt} = k \sqrt{x} \] where \( x \) is the amount of assets and \( k \) is a proportionality constant. ### Step 2: Rearranging the equation Rearranging the equation gives us: \[ \frac{dx}{\sqrt{x}} = -k \, dt \] ### Step 3: Integrate both sides Now, we will integrate both sides. The left side requires the integral of \( x^{-1/2} \): \[ \int \frac{dx}{\sqrt{x}} = -k \int dt \] The integral of \( \frac{1}{\sqrt{x}} \) is \( 2\sqrt{x} \), so we have: \[ 2\sqrt{x} = -kt + C \] where \( C \) is the constant of integration. ### Step 4: Solve for the constant of integration We need to find \( C \) using the initial condition. Initially, at \( t = 0 \), the assets \( x = 25 \) lakhs: \[ 2\sqrt{25} = -k(0) + C \implies C = 10 \] Thus, our equation becomes: \[ 2\sqrt{x} = -kt + 10 \] ### Step 5: Use the second condition to find \( k \) We know that after 2 years (when \( t = 2 \)), the assets reduce to \( x = 6.25 \) lakhs: \[ 2\sqrt{6.25} = -k(2) + 10 \] Calculating \( \sqrt{6.25} = 2.5 \): \[ 2(2.5) = -2k + 10 \implies 5 = -2k + 10 \implies -2k = 5 - 10 \implies -2k = -5 \implies k = \frac{5}{2} = 2.5 \] ### Step 6: Substitute \( k \) back into the equation Now substituting \( k \) back into our equation gives: \[ 2\sqrt{x} = -2.5t + 10 \] ### Step 7: Find when the assets become zero To find when the assets become zero, set \( x = 0 \): \[ 2\sqrt{0} = -2.5t + 10 \implies 0 = -2.5t + 10 \implies 2.5t = 10 \implies t = \frac{10}{2.5} = 4 \] ### Step 8: Determine the time until bankruptcy Since we started counting from \( t = 0 \), and we found that \( t = 4 \) years is when the assets will be zero, and we already know that 2 years have passed, the person will be bankrupt in another: \[ 4 - 2 = 2 \text{ years} \] ### Final Answer The person will be bankrupt in another **2 years**. ---
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