Applications of First Order Differential Equations - Exponential Growth: Part 1

The video explains how exponential growth can expressed using a first order differential equation.
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[@benjamenjohntambong8164]

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[@Mathispower4u]

It is just me, but thank you!

[@KeruboOrango]

Please help me to solve this Suppose we deposited ksh 50000 in a savings account with interest accruing at the rate 5% compounded continuously 1.write down a differential equation to represent the information 2.what will be the amount on the account after 10 years 3.suppose we decide to withdraw ksh 10000 per year from the account after 10 years a)what is the differential equation for the scenario for b) After how long will all the money get finished

[@ctdtsdt]

Hi, i tried using a calculator technique and got an answer of 5624.32 . What should be the value at 1st year to get 5634 ??

[@MaryAnnFerrer-t4y]

Hi! I think the answer should be 5624.

[@RyuHayabusa09]

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[@Mathispower4u]

Glad to hear!

[@MilkiyasBerhanu]

thank you

[@curtpiazza1688]

Excellent! 😊

[@ProtoMaxoid]

You made this look so easy

[@rameenzahraqureshi6637]

Thanks

[@aldiansyahmin]

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[@Mathispower4u]

Thank you.