A person deposits $10,000 in a bank account and decides to make additional deposits at the rate of A dollars per year. The bank compounds interest continuously at the annual rate of 6%, and the deposits are made continuously into the account.(a) Set up a differential equation that is satisfied by the amount f(t) in the account at time t.(b) Determine f(t) (as a function of A).(c) Determine A if the initial deposit is to double in 5 years.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A person deposits $10,000 in a bank account and decides to make additional deposits at the rate of A dollars per year. The bank compounds interest continuously at the annual rate of 6%, and the deposits are made continuously into the account.
(a) Set up a differential equation that is satisfied by the amount f(t) in the account at time t.
(b) Determine f(t) (as a function of A).
(c) Determine A if the initial deposit is to double in 5 years.

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