document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=189004>Question 189004</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/1602773033/algebrahomeworkh>saxon algebra 2</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> A savings account earns interest at an annual rate of 5%, compounded continuously.  If the account begins with a value of $2000, what will its value be after 4 years?<BR>\n" );
document.write( "A=Pe^rt<BR>\n" );
document.write( "A=(2000)e^(0.05)(4)<BR>\n" );
document.write( "A=?<BR>\n" );
document.write( "When I type this into my calculator, I know I'm getting the wrong answer.<BR>\n" );
document.write( "Can someone please help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #141747 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=141747\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=Pe%5E%28rt%29 ALIGN=MIDDLE  ALT=\"A=Pe%5E%28rt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the given equation.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=%282000%29e%5E%28%280.05%29%284%29%29 ALIGN=MIDDLE  ALT=\"A=%282000%29e%5E%28%280.05%29%284%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=2000 ALIGN=MIDDLE  ALT=\"P=2000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.05 ALIGN=MIDDLE  ALT=\"r=0.05\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=4 ALIGN=MIDDLE  ALT=\"t=4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000e%5E%280.2%29 ALIGN=MIDDLE  ALT=\"A=2000e%5E%280.2%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply 0.05 and 4 to get 0.2\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281.2214%29 ALIGN=MIDDLE  ALT=\"A=2000%281.2214%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Raise \"e\" (which is roughly 2.718...) to the 0.2 power to get approximately 1.2214\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2442.8 ALIGN=MIDDLE  ALT=\"A=2442.8\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply (this is also an approximate value)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "So the account will have about $2,442.80 in 4 years.\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );