document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=726650>Question 726650</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Solve the problem.\r<BR>\n" );
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document.write( "When interest is compounded continuously, the balance in an account after t years is given by P(t)= Poekt, where Po is the initial investment and k is the interest rate. Suppose that Po is invested in a savings account where interest is compunded continuously at 8% per year. Express P(t) in terms of Po and 0.08.\r<BR>\n" );
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document.write( "Possible answers are:\r<BR>\n" );
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document.write( "A) P(t)= Poo.08t<BR>\n" );
document.write( "B) None<BR>\n" );
document.write( "C) P(t)=Poe0.08t<BR>\n" );
document.write( "D) P(t)=Poe8t<BR>\n" );
document.write( "E) P(t)=Poe0.08 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #444740 by </B><A HREF=/tutors/aboutme.mpl?userid=KMST><B>KMST(5328)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=KMST><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/cgi-bin/show-face.mpl?user=KMST><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=444740\">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=P%28t%29=+P%5B0%5De%5Ekt ALIGN=MIDDLE  ALT=\"P%28t%29=+P%5B0%5De%5Ekt\"   DISABLED_style= \"max-width:90%; height:auto;\" > with<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%5B0%5D ALIGN=MIDDLE  ALT=\"P%5B0%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >= amount originally invested (principal at time zero),<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=k ALIGN=MIDDLE  ALT=\"k\"   DISABLED_style= \"max-width:90%; height:auto;\" >= annual interest rate (expressed as a decimal), and<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t ALIGN=MIDDLE  ALT=\"t\"   DISABLED_style= \"max-width:90%; height:auto;\" >= time in years,<BR>\n" );
document.write( "gives the balance as a function of time.<BR>\n" );
document.write( " <BR>\n" );
document.write( "If the annual interest is 8%, the interest rate expressed as a decimal is<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=k=8%2F100 ALIGN=MIDDLE  ALT=\"k=8%2F100\"   DISABLED_style= \"max-width:90%; height:auto;\" > --> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=k=0.08 ALIGN=MIDDLE  ALT=\"k=0.08\"   DISABLED_style= \"max-width:90%; height:auto;\" > and<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28P%28t%29=+P%5B0%5De%5E0.08t%29 ALIGN=MIDDLE  ALT=\"highlight%28P%28t%29=+P%5B0%5De%5E0.08t%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( " <BR>\n" );
document.write( "All you had to do is write <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.08 ALIGN=MIDDLE  ALT=\"0.08\"   DISABLED_style= \"max-width:90%; height:auto;\" > instead of <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=k ALIGN=MIDDLE  ALT=\"k\"   DISABLED_style= \"max-width:90%; height:auto;\" > in the formula. </SPAN>\n" );
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