You deposit $10 per month in a bank that offers an annual interest rate of 6%. At the end of three years, your balance is404.95
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Answer:
Step-by-step explanation:
Given that during the period from 1790 to 1930, the US population P(t) (t in years) grew from 3.9 million to 123.2 million. Throughout this period, P(t) remained close to the solution of the initial value problem.
a) 1930 population is the population at time t = 40 years taking base year as 40
We can solve the differential equation using separation of variables
Resolve into partial fractions
Integrate to get
ln P -0.00474/0.0001489 (ln (0.0001489P-0.03135) = t+C
ln P -31.833 (ln (0.0001489P-0.03135) =t+C
Limiting population would be infinity.