document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=70514>Question 70514</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Need help with solving this, please? Thanks!\r<BR>\n" );
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document.write( "Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #50325 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=50325\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs?<BR>\n" );
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document.write( "Formula: A(t)=Pe^(rt)<BR>\n" );
document.write( "A(1 yr) = 2000e^(0.06*1)<BR>\n" );
document.write( "=$2123.67<BR>\n" );
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document.write( "A(2 yr) = 2000e^(0.06*2)<BR>\n" );
document.write( "=2000e^0.12<BR>\n" );
document.write( "=$2254.99<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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