document.write( "Question 48988: Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs? \n" ); document.write( "
Algebra.Com's Answer #32454 by Nate(3500)\"\" \"About 
You can put this solution on YOUR website!
Principle * Rate * Time + Principle = Interest + Principle
\n" ); document.write( "PRT + P = I + P
\n" ); document.write( "one year: 2000*0.06*1 + 2000 = $2120
\n" ); document.write( "two years: 2000*0.06*2 + 2000 = $2240
\n" ); document.write( "
\n" );