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Five thousand dollars is deposited into a savings account at 7.5% interest compounded continuously. A. what is the formula for A(t), the balance after t
Five thousand dollars is deposited into a savings account at 7.5% interest compounded continuously.
A. what is the formula for A(t), the balance after t years.
B. what differential equation is satisfied by A(t), the balance after t years.
C. How much money will be in the account after 9 years.
D. when will the balance reach $7000
E. How fast is the balance growing when it reach $ 7000
Pleas show all work and write answers clearly
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