B. Solve the problems related to the application of First Order Differential Equations. 3. Continuous Compound Interest If $150 is deposited in bank that pays 5% annual interest compounded continuously. Find

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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SOLVE IT USING THE APPLICATION OF FIRST ORDER DIFFERENTIAL EQUATIONS

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B. Solve the problems related to the application of First Order Differential Equations.
3. Continuous Compound Interest
If $150 is deposited in bank that pays 51% annual interest compounded continuously. Find
the value of the account after 10 years.
Transcribed Image Text:B. Solve the problems related to the application of First Order Differential Equations. 3. Continuous Compound Interest If $150 is deposited in bank that pays 51% annual interest compounded continuously. Find the value of the account after 10 years.
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