document.write( "Question 586811: 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 #373901 by solver91311(24713) $\"\"$ $\"About$

You can put this solution on YOUR website!
\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "

\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "

is the future value, i.e. the answer to your problem.

is the orginal investment,

is the annual interest rate expressed as a decimal fraction (0.012 in this case),

is the number of years of the investment, and

is the base of the natural logs.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Plug in the known values and do the arithmetic.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "John
\n" ); document.write( "

\n" ); document.write( "My calculator said it, I believe it, that settles it
\n" ); document.write( "

$\"The$

\n" ); document.write( " \n" ); document.write( "

\n" );