Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Your monthly car payment in dollars is P = f(Po,t, r), where $Po is the amount you borrowed, t is the number of months it takes to pay off the loan,
and r percent is the interest rate.
(a) Is ðP/dt positive or negative? negative v
Suppose that your bank tells you that the magnitude of aP/dt is 35.
What are the units of this value?
(For this problem, write our your units in full, writing dollars for $, months for months, percent for %, etc. Note that fractional units generally have a plural
numerator and singular denominator.)
(b) Is ðP/ðr positive or negative? positive v
Suppose that your bank tells you that the magnitude of aP/ar is 5.
What are the units of this value?
(For this problem, write our your units in full, writing dollars for $, months for months, percent for %, etc. Note that fractional units generally have a plural
numerator and singular denominator.)
For both parts of this problem, be sure you can explain what the practical meanings of the partial derivatives are.
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Transcribed Image Text:Your monthly car payment in dollars is P = f(Po,t, r), where $Po is the amount you borrowed, t is the number of months it takes to pay off the loan, and r percent is the interest rate. (a) Is ðP/dt positive or negative? negative v Suppose that your bank tells you that the magnitude of aP/dt is 35. What are the units of this value? (For this problem, write our your units in full, writing dollars for $, months for months, percent for %, etc. Note that fractional units generally have a plural numerator and singular denominator.) (b) Is ðP/ðr positive or negative? positive v Suppose that your bank tells you that the magnitude of aP/ar is 5. What are the units of this value? (For this problem, write our your units in full, writing dollars for $, months for months, percent for %, etc. Note that fractional units generally have a plural numerator and singular denominator.) For both parts of this problem, be sure you can explain what the practical meanings of the partial derivatives are.
Expert Solution
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Derivative of a function basically determines that rate of change of that function with respect to time.

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