document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=728636>Question 728636</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount accumulated to the nearest cent on $700 compounded annually for 3 years at 9 %\r<BR>\n" );
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document.write( "Formula: A=p(1+R) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #445549 by </B><A HREF=/tutors/aboutme.mpl?userid=ohtheirony><B>ohtheirony(35)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ohtheirony><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=ohtheirony><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=445549\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The equation for exponential growth is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=a%281%2Bx%29%5Et ALIGN=MIDDLE  ALT=\"A=a%281%2Bx%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" >.<BR>\n" );
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document.write( "a=the original starting rate (the compound: $700)<BR>\n" );
document.write( "x=percent the rate is increasing annually (depreciation of 9%)<BR>\n" );
document.write( "t=amount of time past while the amount is increasing (3 years)<BR>\n" );
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document.write( "So, your equation would be...<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=a%281%2Bx%29%5Et ALIGN=MIDDLE  ALT=\"A=a%281%2Bx%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A=700(1+.09)^3 (^3 is (1+.09) to the third exponent)<BR>\n" );
document.write( "A=700(1.09)^3<BR>\n" );
document.write( "A=700(1.295029)<BR>\n" );
document.write( "A=906.5203<BR>\n" );
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document.write( "So, your answer would be $906.52.<BR>\n" );
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document.write( "For more on exponential growth and also exponential decay, try this link:<BR>\n" );
document.write( "http://www.regentsprep.org/Regents/math/ALGEBRA/AE7/ExpDecayL.htm  </SPAN>\n" );
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