On a rocket accelerating upward, the forces acting are
i) the rocket's weight downward
ii) thrust force upward, due to ejection of gas
We may write $ -u_e dm/dt-mg= F_{ext} $ where $dm/dt$ is the rate of ejection, $u_e$ is the speed of ejected gas w.r.t the rocket and m is the mass of the rocket at some general time instant t=t.
Now my question is, what exactly do we equate this $F_{ext} $ term to, to formulate a differential equation? Two ideas came to my mind.
i) it seems tempting to set it equal to $m dv/dt$ , as per newton's second law. However it struck me that the more general form of newton's second law is $F_{ext} = dp/dt$ so my second thought was to do
ii) $F_{ext} = mdv/dt +vdm/dt$
Both of these clearly give different solutions. Which one is correct, and why?