Step 1: Understanding the Question:
The question requires us to evaluate three different first-order ordinary differential equations and classify them to determine which are homogeneous differential equations.
Step 2: Key Formula or Approach:
A differential equation of the form $\frac{dy}{dx} = f(x,y)$ is classified as a homogeneous differential equation if $f(x,y)$ is a homogeneous function of degree zero.
This means that substituting $x \rightarrow \lambda x$ and $y \rightarrow \lambda y$ must satisfy:
$$f(\lambda x, \lambda y) = \lambda^0 f(x,y) = f(x,y)$$
Practically, this means every individual term within the numerator and the denominator expressions must have the exact same total degree (sum of powers of $x$ and $y$).
Step 3: Detailed Explanation:
Let's test each differential equation individually:
Equation I: $y' = \frac{y+x}{x}$
Degree of terms in numerator: $y$ has degree 1, $x$ has degree 1.
Degree of terms in denominator: $x$ has degree 1.
Since all terms in the fraction share an identical degree of 1, Equation I is a
homogeneous differential equation.
Equation II: $y' = \frac{x^2+y}{x^3}$
Degree of terms in numerator: $x^2$ has degree 2, while $y$ has degree 1.
Because the terms in the numerator have different degrees ($2 \neq 1$), the function is not homogeneous. Thus, Equation II is
not a homogeneous differential equation.
Equation III: $y' = \frac{2xy}{y^2-x^2}$
Degree of terms in numerator: $2xy$ has a total combined degree of $1 + 1 = 2$.
Degree of terms in denominator: $y^2$ has degree 2, and $x^2$ has degree 2.
Since every single term features a uniform total degree of 2, Equation III is a
homogeneous differential equation.
Evaluating our results: Equations I and III are homogeneous, which means statement
S3 is correct, while S1 and S2 are invalid.
Step 4: Final Answer:
Only statement S3 is valid, which corresponds perfectly to option (C).