A Sum Of $\$ 2170$ Is Invested At $11 \%$ Interest If $A ( t )$

question 25

Short Answer

A sum of $\$ 2170$ is invested at $11 \%$ interest. If $A ( t )$ is the amount of the investment at time $t$ for the case of continuous compounding, write a differential equation and an initial condition satisfied by $A ( t )$ .

---

Definitions:

Mathematicians

Individuals specialized in the study of mathematics, involving the investigation of number theory, geometry, algebra, and calculus.

Physicists

Scientists who specialize in the study of matter, energy, and the interactions between them.

Slope

In mathematics, it's the measure of the steepness or the angle of a line, defined as the ratio of the vertical change to the horizontal change.

Price

The monetary value attached to the purchase of a good or service.