document.write( "Question 61863: I need some help with a word problem Please.\r
\n" ); document.write( "\n" ); document.write( "A bank compounds interest continuously. If you invest $500 at 4% at that bank for 5 years, what will your balance be? Use formula A= 500e^0.04t
\n" ); document.write( "where A is the balance in the account and t is in years. \n" ); document.write( "

Algebra.Com's Answer #42608 by funmath(2933) $\"\"$ $\"About$

You can put this solution on YOUR website!
A bank compounds interest continuously. If you invest $500 at 4% at that bank for 5 years, what will your balance be? Use formula A= 500e^0.04t
\n" ); document.write( "where A is the balance in the account and t is in years.
\n" ); document.write( " $\"A=500e%5E%280.04%285%29%29\"$
\n" ); document.write( " $\"A=500e%5E.2\"$
\n" ); document.write( " $\"highlight%28A=610.70%29\"$
\n" ); document.write( "A=$610.70
\n" ); document.write( "Happy Calculating!!! \n" ); document.write( "

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