document.write( "Question 549847: You invest $800 in an account with an annual interest rate of 3.2%, compounded annually. How much in in the account after 15 years? Round your answer to the nearest whole number \n" ); document.write( "
Algebra.Com's Answer #358126 by jim_thompson5910(35256)\"\" \"About 
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\n" ); document.write( "\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\" Start with the compound interest formula\r
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\n" ); document.write( "\n" ); document.write( "\"A=800%281%2B0.032%2F1%29%5E%281%2A15%29\" Plug in \"P=800\", \"r=0.032\" (the decimal equivalent of 3.2%), \"n=1\" and \"t=15\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=800%281%2B0.032%29%5E%281%2A15%29\" Evaluate \"0.032%2F1\" to get \"0.032\"\r
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\n" ); document.write( "\n" ); document.write( "\"A=800%281.032%29%5E%281%2A15%29\" Add \"1\" to \"0.032\" to get \"1.032\"\r
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\n" ); document.write( "\n" ); document.write( "\"A=800%281.032%29%5E%2815%29\" Multiply \"1\" and \"15\" to get \"15\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=800%281.60396711263693%29\" Evaluate \"%281.032%29%5E%2815%29\" to get \"1.60396711263693\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=1283.17369010954\" Multiply \"800\" and \"1.60396711263693\" to get \"1283.17369010954\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=1283.17\" Round to the nearest hundredth (ie to the nearest penny).\r
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\n" ); document.write( "\n" ); document.write( "So there will be $1283.17 in the account.
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