document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=603452>Question 603452</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit 500 in an account that pays 5% annual interest compounded continuously. What is the balance after 3 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #380699 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=380699\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You deposit 500 in an account that pays 5% annual interest compounded continuously. What is the balance after 3 years?<BR>\n" );
document.write( "**<BR>\n" );
document.write( "Formula for continuous compounding: A=Pe^rt, P=initial investment, r=annual interest rate, A=amount after t years.<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "A=500e^.05*3<BR>\n" );
document.write( "A=500e^.15<BR>\n" );
document.write( "A=580.92<BR>\n" );
document.write( "ans:<BR>\n" );
document.write( "balance after 3 years=580.92 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );