An investment grows according to the formula B = 700e0.05t dollars, where t is time, measured in years. The time required for the balance to reach $2100 is the solution of an equation. Find that equation.
An investment grows according to the formula B = 700e0.05t dollars, where t is time, measured in years. The time required for the balance to reach $2100 is the solution of an equation. Find that equation.
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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The following exercise poses a question that can be answered by solving an equation. Give the appropriate equation. Note that you are not asked to solve the equation.
An investment grows according to the formula
B = 700e0.05t
dollars,where t is time, measured in years. The time required for the balance to reach $2100 is the solution of an equation. Find that equation.
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