Let y(t) represent your bank account balance, in dollars, after t years. Suppose you start with $80000 in the account. Each year the account earns 6% interest, and you deposit $3000 into the account. This can be modeled with the differential equation: dy 0.06y + 3000 dt y(0) 80000 Solve this differential equation for y(t) y(t) =

Let y(t) represent your bank account balance, in dollars, after t years. Suppose you start with $80000 in the account. Each year the account earns 6% interest, and you deposit $3000 into the account. This can be modeled with the differential equation: dy 0.06y + 3000 dt y(0) 80000 Solve this differential equation for y(t) y(t) =

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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