Examlex

Solved

A Certain Bank Account Earns Interest at the Rate of 5

question 59

Multiple Choice

A certain bank account earns interest at the rate of 5% compounded continuously. Money is being withdrawn from the account in a continuous stream at a constant rate of $100,000 per year. Write a differential equation modeling how the balance B changes over time. Which of the following is the general solution, given an initial balance of B0?


Definitions:

Related Questions