Solve the difference equation: , \( y_t = 0.6y_{t-1} + 21… – BBA Business Mathematics II 2024 Solved

BBA Business Mathematics II · 2024 · Solved Question with Answer

Solve the difference equation: ,\( y_t = 0.6y_{t-1} + 21 \), \( y_0 = 50 \). Find \( y_5 \) and \( y_1 \) ?

Solution

Solve the difference equation: , \( y_t = 0.6y_{t-1} + 21 \) , \( y_0 = 50 \) . Find \( y_5 \) ​ and \( y_1 \) ​?