document.write( "Question 44930This question is from textbook Algebra and Trigonometry with Analytic geometry
\n" ); document.write( ": The amount A in account after t years of an initial principle P invested at an annual rate r compounded continuiusly is given by A = Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the rate of 5% compounded continuously? My answer is $750.00, thanks for checking my answer. \n" ); document.write( "

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The amount A in account after t years of an initial principle P invested at an annual rate r compounded continuiusly is given by A = Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the rate of 5% compounded continuously? My answer is $750.00, thanks for checking my answer.
\n" ); document.write( "P=500 $
\n" ); document.write( "R=5%=5/100=0.05
\n" ); document.write( "T=10 YRS.
\n" ); document.write( "A=500*E^10*0.05=500*E^0.5=824.36 \n" ); document.write( "

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