Let y(t) represent your bank account balance, in dollars, after t years. Suppose you start with $70000 in the account. Each year the account earns 4% interest, and you deposit $4000 into the account. This can be modeled with the differential equation: dy 0.04y + 4000 dt y(0) = 70000 Solve this differential equation for y(t) y(t)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Let y(t) represent your bank account balance, in dollars, after t years. Suppose you start with $70000 in
the account. Each year the account earns 4% interest, and you deposit $4000 into the account.
This can be modeled with the differential equation:
dy
0.04y + 4000
dt
y(0) = 70000
Solve this differential equation for y(t)
y(t) -
Question Help: D Video
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Transcribed Image Text:Let y(t) represent your bank account balance, in dollars, after t years. Suppose you start with $70000 in the account. Each year the account earns 4% interest, and you deposit $4000 into the account. This can be modeled with the differential equation: dy 0.04y + 4000 dt y(0) = 70000 Solve this differential equation for y(t) y(t) - Question Help: D Video Submit Question
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