Question

a bank offers 5% interest compunded continuously in a savings account. determine the amount of interest earned in 1 year on a deposit of 10000; and the equivalent rate if the compounding were done anually

how to solve this using differential equations

Answer 1

I=prt
I=10000*0.05*1

Answer 2

lol using diff eq

Answer 3

ohh

Answer 4

can u give me any example like how you solve it using diff eqn

Answer 5

honestly. i dont know. it's just in one of the exercises of solving first order diff eq. that was why i was asking

Answer 6

v=lbh
dv=bhdl+lbdh+lhdb (this is a basic of solving it btw m not sure of solving this one bcox m an engineering students

Answer 7

where did you get v = lbh?

Answer 8

no its sort of an example

Answer 9

oh..

Answer 10

nevermind this..we werent taught about this..dont think it will come up in test