Question: Solve using Differential Equations 7. A woman places Php 2,000 in an account for her child upon his birth. Assuming no additional deposits or future

 Solve using Differential Equations 7. A woman places Php 2,000 in

Solve using Differential Equations

an account for her child upon his birth. Assuming no additional deposits

7. A woman places Php 2,000 in an account for her child upon his birth. Assuming no additional deposits or future withdrawals: a) how much will the child have on his 18th birthday if the bank pays 5% interest per annurn, compounded continuously? b) How long will it take the initial deposit to double under the conditions described

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