Monday
March 30, 2015

Homework Help: Calculas HS

Posted by may on Tuesday, January 27, 2009 at 11:38pm.

continous compounding you have $1000 wiht which to open an account to which you plan also to add $ 1000 per year. all funds in the account will earn 10% annual interest compounded continously. if the added deposits are also credited to your account continously, the number of dollars x in your account at time t(years) will satisfy th einitial calue problem.

differentital equation

dx/dt = 1000+0.10x

initial condition

x(0) = 1000

A) solve the initial value problem for x as a function of t

B) about how many years will it take for the amount in your account to reach $ 100,000

[I know how to plug in for part , but can anyone help me on the part A to find t]

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - If you open an IRA at a commercial bank and deposit $1000 in the ...
differential equation - If P(t) is the amount of dollars in a savings bank ...
math models - Tanisha wants to have $1000 in her bank account in 5 years. How ...
math - you have deposited 1000 dollars in your savings account with n annual ...
maths - You deposit $1000 each year into an account earning 8% compounded ...
math - Suppose that you have $12,500 to invest over a 4 year period. There are ...
math - find the effectivee rate correspoding to 3% compounded quarterly The ...
Math - Kent invested $5,000 in a retirement plan.He allocated X dollars of the ...
Finance - You deposit $1000 for 5 years at 4% annual interest. In 5 years, you ...
math - a bank account earns 7% annual interest compounded continuously. you ...

Members