document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=599353>Question 599353</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At what annual rate compounded continously will $1000 have to be invested to amount to $2,500 in 10 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #378916 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=378916\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> At what annual rate compounded continously will $1000 have to be invested to amount to $2,500 in 10 years?<BR>\n" );
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document.write( "A(t) = Ao*e^(rt)<BR>\n" );
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document.write( "2500 = 1000*e^(10r)<BR>\n" );
document.write( "e^(10r) = 2.5<BR>\n" );
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document.write( "10r = ln(2.5)<BR>\n" );
document.write( "r = (1/10)*ln(2.5)<BR>\n" );
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document.write( "r = 0.0916 ~ 9%<BR>\n" );
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document.write( "cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "=================== </SPAN>\n" );
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