Question: Use the ode45 application to solve the following: Suppose that you deposit some money in a bank that pays interest at an annual rate r.

 Use the ode45 application to solve the following: Suppose that you

Use the ode45 application to solve the following: Suppose that you deposit some money in a bank that pays interest at an annual rate r. The value of the investment at any time, t, is S(t). If the interest is compounded continuously we can use a simple differential equation to describe the investment growth. The rate of change of the investment, dS/dt, is the interest rate, r, times the value of the investment, S(t). So dS/dt = rS and we can assume an initial value, S(0) = S_0. If r = 8% and S_0 = exist1000, use MATLAB to determine the investment value after 10 years

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