Rate of Growth of an Investment
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Investment: The rate of growth of an investment is proportional to the amount in the investment at any time t. That is,
dA/dt = kA
The initial investment is $1000 and after 10 years the balance is $3320.12. The general solution is:
A = Ce^kt
What is the particular solution?
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Solution Summary
The rate of growth of an investment is determined. A Complete, Neat and Step-by-step Solution is provided.
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dA/dt = kA
dA/A = k dt
Integrating on both sides, we get ln A = kt + c
By data, when t ...
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