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" );
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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?<BR>\n" );
document.write( "The formula for interest compounded continously is: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28A=Pe%5E%28rt%29%29 ALIGN=MIDDLE  ALT=\"highlight%28A=Pe%5E%28rt%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where A=amount, t=years, and r=interest rate.<BR>\n" );
document.write( "In your case P=2000; r=6/100=.06; and t1=1 and t2=2<BR>\n" );
document.write( "After 1 year:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000e%5E%28%28.06%29%281%29%29 ALIGN=MIDDLE  ALT=\"A=2000e%5E%28%28.06%29%281%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000e%5E.06 ALIGN=MIDDLE  ALT=\"A=2000e%5E.06\"   DISABLED_style= \"max-width:90%; height:auto;\" >  You need a scientific calculator for this.  If your calculator doesn't have e, use 2.718281828 for e.<BR>\n" );
document.write( "A=$2123.67<BR>\n" );
document.write( "After 2 years:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000e%5E%28%28.06%29%282%29%29 ALIGN=MIDDLE  ALT=\"A=2000e%5E%28%28.06%29%282%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000e%5E.12 ALIGN=MIDDLE  ALT=\"A=2000e%5E.12\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A=$2254.99<BR>\n" );
document.write( "Happy Calculating!!! </SPAN>\n" );
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