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A Person Withdraws Money from a Trust Fund at a Rate

Question 6

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A person withdraws money from a trust fund at a rate of $12,000 per year, and the account is earning interest at a rate of 5% per year, compounded continuously. Write a differential equation for the balance, B, in the account as a function of time, t, in years and use it to calculate A person withdraws money from a trust fund at a rate of $12,000 per year, and the account is earning interest at a rate of 5% per year, compounded continuously. Write a differential equation for the balance, B, in the account as a function of time, t, in years and use it to calculate if B=$100,000. if B=$100,000.

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