document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=140501>Question 140501</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this. Thanks!\r<BR>\n" );
document.write( "\n" );
document.write( "Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #102301 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=102301\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs?<BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "A(t) = Pe^(rt)<BR>\n" );
document.write( "A(1) = 2000*e^(0.06*1)<BR>\n" );
document.write( "A(1) = 2000*e^0.6<BR>\n" );
document.write( "A(1) = 2123.67<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "A(2) = 2000e^(0.06*2)<BR>\n" );
document.write( "A(2) = 2000e^0.12<BR>\n" );
document.write( "A(2) = 2254.99<BR>\n" );
document.write( "===============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );