A Sum Of $\$ 3,000$ Is Invested At $20 \%$ Interest If $A ( t )$

question 57

Short Answer

A sum of $\$ 3,000$ is invested at $20 \%$ 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 $A ( t )$ .

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Definitions:

Probability

A measure quantifying the likelihood that an event will occur, ranging between 0 and 1.

Probability Distribution

A statistical function describing the likelihood of different outcomes in a random experiment.

Bivariate Distribution

Refers to the probability distribution of a two-variable system, analyzing the relationship between the two variables.

Values

The numbers, symbols, or expressions that define the magnitude, quantity, or worth of something.