Mathematics, 01.08.2020 01:01 itz64
Five thousand dollars is deposited into a savings account at 2.5% interest compounded continuously.
a. What is the formula for A(t), the balance after t years?
b. What differential equation is satisfied by A(t), the balance after t years?
c. How much money will be in the account after 5 years? (Do not round until your final answer. Round your final
answer to the nearest cent as needed.
d. When will the balance reach $7,000? (Do not round until your final answer. Round your final answer to the
nearest tenth as needed.)
Answers: 1
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Five thousand dollars is deposited into a savings account at 2.5% interest compounded continuously....
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