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Interest and Applications of Derivatives

A person's fortune increases at a rate to the square of they're present wealth. If the person had one million dollars a year ago and has two million today then how much will the person be worth in six months?

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Let the person's initial wealth be x dollars.

Given that the rate of increase of the pérson's wealth is equal to the square of the present amount,

==> dx/dt = x^2 ...(1)

where dx is the ...

Solution Summary

Derivatives are applied to calculating interest.