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(1 point) Use Euler's method to solve dBdt=0.04B with initial value B=1000 when t=0 . A.Δt=1 and 1 step:...

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Basic Math

(1 point) Use Euler'smethod to solve

dBdt=0.04B

with initial value B=1000 when t=0 .

A.Δt=1 and 1 step: B(1)≈

B. Δt=0.5 and 2 steps: B(1)≈

C. Δt=0.25 and 4 steps: B(1)≈

D. Suppose B is the balance in a bankaccount earning interest. Be sure that you can explain why theresult of your calculation in part (a) is equivalent to compoundingthe interest once a year instead of continuously. Then interpretthe result of your calculations in parts (b) and (c) in terms ofcompound interest.

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