document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=291754>Question 291754</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $4400 in an account that pays 5% annual interest compounded countinuosly. Find the balance after 3.5 years.  a)5214.14  b)5241.54 c)5241.48 d)5241.46<BR>\n" );
document.write( " I have tried doing 4400+5%=4631.5789 + 5% = 4875.35 + 5% = 5131.94 + 2.5% = 5263.53  which isn't one of my options. I dont understand what I am doing wrong.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #210907 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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/cgi-bin/show-face.mpl?user=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=210907\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This the wrong category for your problem. No matrices here.<BR>\n" );
document.write( "You also have the wrong formula. You need the formula for interested compounded continuously which has an exponent. You are using simple interest over 3.5 years( and doing it wrong too)<BR>\n" );
document.write( "check out this page<BR>\n" );
document.write( "http://id.mind.net/~zona/mmts/functionInstitute/exponentialFunctions/continuousInterest.html </SPAN>\n" );
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