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01-03-2024
Mathematics

Answered

(a) If $1000 is invested at 2% interest, find the value of the investment at the end of 8 years if the interest is compounded as follows. (Round your answers to the nearest cent.)
(i) annually
(ii) semiannually
(iii) monthly
(iv) weekly
(v) daily
(vi) continuously
(b) If A is the amount of the investment at time t for the case of continuous compounding, write a differential equation satisfied by A.

Find the initial condition satisfied by A.

Answer :

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