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A deposit of \$5000 is made to a bank account paying 1.5% annual interest, compounded

Problem 7 Chapter 9.4

Applied Calculus | 5th Edition

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Applied Calculus | 5th Edition

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Problem 7

A deposit of \$5000 is made to a bank account paying 1.5% annual interest, compounded continuously. (a) Write a differential equation for the balance in the account, B, as a function of time, t, in years. (b) Solve the differential equation. (c) How much money is in the account in 10 years?

Step-by-Step Solution:
Step 1 of 3

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ISBN: 9781118174920

The full step-by-step solution to problem: 7 from chapter: 9.4 was answered by Patricia, our top Calculus solution expert on 01/22/18, 03:47PM. This full solution covers the following key subjects: . This expansive textbook survival guide covers 72 chapters, and 2635 solutions. Applied Calculus was written by Patricia and is associated to the ISBN: 9781118174920. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. Since the solution to 7 from 9.4 chapter was answered, more than 218 students have viewed the full step-by-step answer. The answer to “A deposit of \$5000 is made to a bank account paying 1.5% annual interest, compounded continuously. (a) Write a differential equation for the balance in the account, B, as a function of time, t, in years. (b) Solve the differential equation. (c) How much money is in the account in 10 years?” is broken down into a number of easy to follow steps, and 52 words.

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