David opens a bank account with an initial balance of 500 dollars. Let b(t) be the balance in the account at time t. Thus b(0) = 500. The bank is paying interest at a continuous rate of 4% per year. David makes deposits into the account at a continuous rate of s(t) dollars per year. Suppose that s(0) = 500 and that s(t) is increasing at a continuous rate of 5% per year (David can save more as his income goes up over time). (a) Set up a linear system of the form dh mub+ m128, dt ds = myb + m2s. dt mi1 = m12 = m21 = m22 = (b) Find b(t) and s(t). b(t) = s(t) =

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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David opens a bank account with an initial balance of 500 dollars. Let b(t) be the balance in the account at time t. Thus b(0) = 500. The bank is paying interest at a continuous rate of 4% per year. David
makes deposits into the account at a continuous rate of s(t) dollars per year. Suppose that s(0) = 500 and that s(t) is increasing at a continuous rate of 5% per year (David can save more as his income
goes up over time).
(a) Set up a linear system of the form
dh
mụb+ m12s,
dt
ds
m2b+ m22s.
dt
m11 =
m12 =
m21 =
m22 =
(b) Find b(t) and s(t).
b(t) =
s(t) =
Transcribed Image Text:David opens a bank account with an initial balance of 500 dollars. Let b(t) be the balance in the account at time t. Thus b(0) = 500. The bank is paying interest at a continuous rate of 4% per year. David makes deposits into the account at a continuous rate of s(t) dollars per year. Suppose that s(0) = 500 and that s(t) is increasing at a continuous rate of 5% per year (David can save more as his income goes up over time). (a) Set up a linear system of the form dh mụb+ m12s, dt ds m2b+ m22s. dt m11 = m12 = m21 = m22 = (b) Find b(t) and s(t). b(t) = s(t) =
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