Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. calculus
  3. a bank pays continuous compounded interest. sue de

A bank pays continuous compounded interest. Sue deposits $100 in the account, and in 5...

80.2K

Verified Solution

Question

Calculus

image

A bank pays continuous compounded interest. Sue deposits $100 in the account, and in 5 years she has $120.Write and solve the differential equation for A(t), the amount of money in Sue's account at time t.O A(t) = 1.2e(0.035)tO A(t) = 100e(-0.035)tO A(t) = 100e (1.2)o A(t)= =100e (0.035)t

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are the assumptions and advantages of nonparametric methods?

Basic Math
Q

Ethical Issues Regarding Emerging Technologies We examine only one area of the different types of emerging technologies and...

General Management
Q

Design a low pass filter with the following specifications A corner frequency of fc 100...

Physics
Q

The volume V between the paraboloids Z 12 3x 3y can be written in the...

Geometry
Q

Find the distance between the pair of points (3.3,7.2) and (-0.7,5.2). If numbersplaces.The distance between...

Calculus
Q

HELP PLS Excerpts from Hulkster Company's December 31, 2024 and 2023, financial statements...

Accounting
Q

The city of Charleston had the following sales of water for the selected months...

Accounting
Q

6. The beginning inventory and the purchases of item ABC during the year were as...

Accounting
Q

*11. Which statement below regarding treasury shares is TRUE? A) Treasury shares transactions have no...

Accounting
Q

It takes Cookie Cutter Modular Homes, Incorporated, about six days to receive and deposit checks...

Finance
Q

MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisors salary $1,900;...

Accounting
Q

You own an independent CPA firm. One client had the following transactions in January 20x7....

Accounting