Looking for 1 a-c and 2. Write a differential equation to describe the situation. b. How much will be left in the account after 5 years? c. When will the account be completely depleted?
Find the differential equation. Let A represent the account balance in dollars, and let t represent the time in years.
dA/dt = rA + C
To provide for a future expansion, a company plans to make continuous deposits to a savings account at the rate of $60,000 per $600,000. How long will it take if the account earns 7% interest compounded continuously?
The account balance will be $600,000 in approximately years (Round to one decimal place as needed.)