The annual rate of increase of an investment's value is proportional to its value, specifically 3.5% of the value. V V\,V is the value in thousands of pounds and t t\,t is the time in years.
Write down a differential equation for this relationship.
Show that V=Ae0.035tV = Ae^{0.035t}V=Ae0.035t where A A\,A is a constant.
Given that the initial value of the investment is £12,000. Find the value after 5 years, giving your answer to the nearest £10.
Practise Edexcel A Level Maths Integration with exam-style questions for A Level Maths. 100 questions covering 11.1 Integrating Standard Functions, 11.2 Integrating f(ax + b), 11.3 Using Trigonometric Identities, 11.4 Reverse Chain Rule, 11.5 Integration by Substitution, 11.6 Integration by Parts, 11.7 Partial Fractions, 11.8 Finding Areas, 11.9 The Trapezium Rule, 11.10 Solving Differential Equations, and 11.11 Modelling with Differential Equations, matched to the Edexcel A Level Maths (9MA0) specification and written in Paper 1, Paper 2 and Paper 3 style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.