document.write( "Question 560067: You invest $350 in an account with an interest rate of 1.2% compounded continuously. How much money would be in the account after 10 years? Round your answer to the nearest whole number. \n" ); document.write( "
Algebra.Com's Answer #363697 by fcabanski(1391)\"\" \"About 
You can put this solution on YOUR website!
\"A=Pe%5Ert\"
\n" ); document.write( "A is the amount after the compounding.
\n" ); document.write( "P = principal = 350
\n" ); document.write( "e = appox. 2.7183 (napier's number)
\n" ); document.write( "r = annual interest rate = 1.2% =.012
\n" ); document.write( "t = year = 10.
\n" ); document.write( "\"A=350%2Ae%5E%28.012%2A10%29=+394.62\"
\n" ); document.write( "That's $395 rounded to the nearest whole number.
\n" ); document.write( "

If you need help understanding math so you can solve these problems yourself, then one on one online tutoring is the answer ($30/hr). If you need faster solutions with guaranteed detailed answers, then go with personal problem solving ($3.50-$5.50 per problem). Contact me at fcabanski@hotmail.com

\n" ); document.write( "

\n" );