Ruth deposited Ksh. 50,000.00 in a savings account with interest accruing at the rate of 5%...
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Ruth deposited Ksh. 50,000.00 in a savings account with interest accruing at the rate of 5% compounded continuously. (i) Write down a differential equation to represent the information and hence find the amount in the account after 10 years. [7 Marks] Ruth decides to withdraw Sh. 10,000.00 per year from the account after the ten years. What will be the differential equation in this scenario? After how long will the account be depleted? [8 Marks] Ruth deposited Ksh. 50,000.00 in a savings account with interest accruing at the rate of 5% compounded continuously. (i) Write down a differential equation to represent the information and hence find the amount in the account after 10 years. [7 Marks] Ruth decides to withdraw Sh. 10,000.00 per year from the account after the ten years. What will be the differential equation in this scenario? After how long will the account be depleted? [8 Marks]
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Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Posted Date:
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