Question

The rate of change in the value of Joe's investment in Bitcoin obeys the differential equation...

The rate of change in the value of Joe's investment in Bitcoin obeys the differential equation dV/dt= 0.12V, where t is measured in years.

a) If the present Value of Joe's investment is $20,544.33, how much did Bill invest initially 6 years ago?

b) What is the rate of change in the investment at year 10?

c) Use a differential to approximate the value of Joe's investment a month after 10 years.

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