A person planning for her retirement arranges to make continuous deposits into a savings account at the rate of $3400 per year. The savings account earns 4% interest compounded continuously. (a) Set up a differential equation that is satisfied by f(t), the amount of money in the account at time t. (b) Solve the differential equation in part (a), assuming that f(0) = 0, and determine how much money will be in the account at the end of 16 years. (a) y' = 100* 5y+3400 (Type an expression using y as the variable.) (b) f(t) = 85000
A person planning for her retirement arranges to make continuous deposits into a savings account at the rate of $3400 per year. The savings account earns 4% interest compounded continuously. (a) Set up a differential equation that is satisfied by f(t), the amount of money in the account at time t. (b) Solve the differential equation in part (a), assuming that f(0) = 0, and determine how much money will be in the account at the end of 16 years. (a) y' = 100* 5y+3400 (Type an expression using y as the variable.) (b) f(t) = 85000
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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