Concept explainers
A Retirement Account refer toExample 1
a. How fast was the amount in the account growing when it reached? $ 30,000 ?
b. How much money was in the account when it was growing at twice the rate of your annual contribution?
c. How long do you have to wait for the money in the account to reach $40,000?
Example 1: A Retirement Account
You invest in a retirement account that pays 6% interest per year. You make an initial deposit of $1000 and plan on making future deposits at the rate of $2400 per year. Assume that the deposits are made continuously and that interest is compounded continuously. Let P(t) denote the amount of money in the account t years after the initial deposit.
a. Set up an initial-value problem that is satisfied by P(t).
b. Find P(t).

Want to see the full answer?
Check out a sample textbook solution
Chapter 10 Solutions
Calculus & Its Applications
- Suppose that f(x, y, z) = (x − 2)² + (y – 2)² + (z − 2)² with 0 < x, y, z and x+y+z≤ 10. 1. The critical point of f(x, y, z) is at (a, b, c). Then a = b = C = 2. Absolute minimum of f(x, y, z) is and the absolute maximum isarrow_forwardThe spread of an infectious disease is often modeled using the following autonomous differential equation: dI - - BI(N − I) − MI, dt where I is the number of infected people, N is the total size of the population being modeled, ẞ is a constant determining the rate of transmission, and μ is the rate at which people recover from infection. Close a) (5 points) Suppose ẞ = 0.01, N = 1000, and µ = 2. Find all equilibria. b) (5 points) For the equilbria in part a), determine whether each is stable or unstable. c) (3 points) Suppose ƒ(I) = d. Draw a phase plot of f against I. (You can use Wolfram Alpha or Desmos to plot the function, or draw the dt function by hand.) Identify the equilibria as stable or unstable in the graph. d) (2 points) Explain the biological meaning of these equilibria being stable or unstable.arrow_forwardFind the indefinite integral. Check Answer: 7x 4 + 1x dxarrow_forward
- Find the indefinite integral. Check Answer: In(5x) dx xarrow_forwardFind the indefinite integral. Check Answer: 7x 4 + 1x dxarrow_forwardHere is a region R in Quadrant I. y 2.0 T 1.5 1.0 0.5 0.0 + 55 0.0 0.5 1.0 1.5 2.0 X It is bounded by y = x¹/3, y = 1, and x = 0. We want to evaluate this double integral. ONLY ONE order of integration will work. Good luck! The dA =???arrow_forward
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning





