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) ![]() You can put this solution on YOUR website! \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( " \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( " |