document.write( "Question 76553: Could you verify if my answer to the problem is correct or not?
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document.write( "The amount A is in an account after t years of an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continuously?
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document.write( "I got $814.45 \n" );
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Algebra.Com's Answer #54900 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! don't know how you got your answer, but it is not quite right\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A=P*e^(r*t)...P is 500...e is base for natural logs (see calculator)...(r*t) is .50...cranking the crank gives...A=824.36 \n" ); document.write( " |