document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=38399>Question 38399</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a bank compounds continuous, then the formula becomes simpler, that is A=Pe^rt where e is a constant and equals approximately 2.7183.  Calculate A with continuous compounding.  Use 20,000 at for 3 years at a rate of 8 percent.\r<BR>\n" );
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document.write( "This is what I have so far: <BR>\n" );
document.write( "A= 20,000e^.08*2<BR>\n" );
document.write( "A= 20,000e^.16<BR>\n" );
document.write( "= ?\r<BR>\n" );
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document.write( "I am lost as to finding the answer, I don't understand what to do with e.  Could you please help me?  Thanks, Christine </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #23889 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=23889\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Okay from<BR>\n" );
document.write( "A=Pe^rt<BR>\n" );
document.write( "we plug in what we know (using three years)<BR>\n" );
document.write( "A = 20000(e^(.08*3))<BR>\n" );
document.write( "A = 20000e^.24<BR>\n" );
document.write( "Now use your calculator to evaluate e^.24 as 1.271, then multiply it by 20000 to get the final answer<BR>\n" );
document.write( "A = $25424.98 </SPAN>\n" );
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