document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=669620>Question 669620</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If you deposit $1000 in an account that pays 6% annual interest commpounded continuously, what will the balance be after five years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #416464 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=416464\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=Pe%5E%28rt%29 ALIGN=MIDDLE  ALT=\"A=Pe%5E%28rt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the continuous compounding formula.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=1000%2Ae%5E%280.06%2A5%29 ALIGN=MIDDLE  ALT=\"A=1000%2Ae%5E%280.06%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=1000 ALIGN=MIDDLE  ALT=\"P=1000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.06 ALIGN=MIDDLE  ALT=\"r=0.06\"   DISABLED_style= \"max-width:90%; height:auto;\" > (the decimal equivalent of 6%), and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=5 ALIGN=MIDDLE  ALT=\"t=5\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=1000%2Ae%5E%280.3%29 ALIGN=MIDDLE  ALT=\"A=1000%2Ae%5E%280.3%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.06 ALIGN=MIDDLE  ALT=\"0.06\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5 ALIGN=MIDDLE  ALT=\"5\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.3 ALIGN=MIDDLE  ALT=\"0.3\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=1000%2A1.349858807576 ALIGN=MIDDLE  ALT=\"A=1000%2A1.349858807576\"   DISABLED_style= \"max-width:90%; height:auto;\" > Raise 'e' (which is approximately 2.71828) to the power <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.3 ALIGN=MIDDLE  ALT=\"0.3\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.349858807576 ALIGN=MIDDLE  ALT=\"1.349858807576\"   DISABLED_style= \"max-width:90%; height:auto;\" > (this value is approximate).\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=1349.858807576 ALIGN=MIDDLE  ALT=\"A=1349.858807576\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1000 ALIGN=MIDDLE  ALT=\"1000\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.349858807576 ALIGN=MIDDLE  ALT=\"1.349858807576\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1349.858807576 ALIGN=MIDDLE  ALT=\"1349.858807576\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=1349.86 ALIGN=MIDDLE  ALT=\"A=1349.86\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest hundredth (ie to the nearest penny).\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "The balance after five years is <font color=\"red\">$1349.86</font> </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );