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CalculusSuperchallengeDifferential Equations

Differential Equations · Superchallenge problem

An account earns continuous interest at a rate of 5%5\% per year and has continuous withdrawals of $1000\$1000 per year, modeled by dAdt=0.05A−1000\dfrac{dA}{dt}=0.05A-1000, starting with A(0)=$25,000A(0)=\$25{,}000. Find A(10)A(10), to the nearest dollar.