document.write( "Question 171207: #1.$480 at 10% compounded quarterly for 5 years\r
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document.write( "#2. $800 at 2% compounded continuously for 8 years \n" );
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Algebra.Com's Answer #126441 by midwood_trail(310)![]() ![]() ![]() You can put this solution on YOUR website! You need the formula\r \n" ); document.write( "\n" ); document.write( "A = Pe^(rt)\r \n" ); document.write( "\n" ); document.write( "A = final amount\r \n" ); document.write( "\n" ); document.write( "P = principal or original amount\r \n" ); document.write( "\n" ); document.write( "r = rate of interest per year\r \n" ); document.write( "\n" ); document.write( "t = time (in years)\r \n" ); document.write( "\n" ); document.write( "================================\r \n" ); document.write( "\n" ); document.write( "I will set up both equations and let you do the math.\r \n" ); document.write( "\n" ); document.write( "If you cannot, then write back.\r \n" ); document.write( "\n" ); document.write( "#1.$480 at 10% compounded quarterly for 5 years\r \n" ); document.write( "\n" ); document.write( "A = 480e^(0.10)(5)...Solve for A\r \n" ); document.write( "\n" ); document.write( "================================================\r \n" ); document.write( "\n" ); document.write( "#2. $800 at 2% compounded continuously for 8 years\r \n" ); document.write( "\n" ); document.write( "A = 800e^(0.02)(8)...Solve for A\r \n" ); document.write( "\n" ); document.write( "=================================================\r \n" ); document.write( "\n" ); document.write( "Can you take it from here?\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |