Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year?
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The ODE is separable, i.e. you can write
Integrating both sides gives the general solution.
Given that
, we have
and so the particular solution to the IVP is
Integrating both sides gives the general solution.
Given that
and so the particular solution to the IVP is