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Which of the Following Gives the Solution of the Difference Yt=bYt1+cY _ { t } = b Y _ { t } - 1 + c

Question 8

Multiple Choice

Which of the following gives the solution of the difference equation
Yt = bYt - 1 + c, With initial condition, Y0 = a?
Yt=bYt1+cY _ { t } = b Y _ { t } - 1 + c , with initial condition, Y0=aY _ { 0 } = a ?


A) c(1a+c) bt+c1b\frac { c ( 1 - a + c ) b ^ { t } + c } { 1 - b }

B) c(1bt) 1b+abt\frac { c \left( 1 - b ^ { t } \right) } { 1 - b } + a b ^ { t }

C) a(1c) bt+ab1b\frac { a ( 1 - c ) b ^ { t } + a b } { 1 - b }

D) cbt1b+a(1b) \frac { c b ^ { t } } { 1 - b } + a ( 1 - b )

E) a(1b+c) bt+c1b\frac { a ( 1 - b + c ) b ^ { t } + c } { 1 - b }

Correct Answer:

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