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Find the balance as a function of time

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Reference no: EM131610992

Question: A bank account that earns 10% interest compounded continuously has an initial balance of zero. Money is deposited into the account at a constant rate of $1000 per year.

(a) Write a differential equation that describes the rate of change of the balance B = f(t).

(b) Solve the differential equation to find the balance as a function of time.

Reference no: EM131610992

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