Suppose that you now have $10,000 and that you expect to save an additional $4000 during each year, and all of this is deposited in a bank paying 5 percent interest compounded continuously. Let y(t) be your bank balance (in thousands of dollars) after t years. 1. Solve your differential equation and initial condition.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Suppose that you now have $10,000 and that you expect to save an additional $4000 during each year, and all of this is deposited in a bank paying 5 percent interest compounded continuously.
Let y(t) be your bank balance (in thousands of dollars) after t years.

1. Solve your differential equation and initial condition.

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