document.write( "Question 940641: If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals. \n" ); document.write( "
Algebra.Com's Answer #573259 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
\"A+=+P%2Ae%5E%28r%2At%29\"\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"A+=+1500%2Ae%5E%280.04%2A5%29\" Note: 'e' is a constant and it's roughly equal to 2.718 (it's like pi)\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"A+=+1832.10413724039\" Use a calculator here\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"A+=+1832.10\" Round to the nearest penny\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "You'll have $1,832.10 in the account in 5 years.\r
\n" ); document.write( "\n" ); document.write( "------------------------------------------------------------------------------------------------------------------------\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "If you need more one-on-one help, email me at jim_thompson5910@hotmail.com. You can ask me a few more questions for free, but afterwards, I would charge you ($2 a problem to have steps shown or $1 a problem for answer only).\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Alternatively, please consider visiting my website: http://www.freewebs.com/jimthompson5910/home.html and making a donation. Any amount is greatly appreciated as it helps me a lot. This donation is to support free tutoring. Thank you.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Jim\r
\n" ); document.write( "\n" ); document.write( "------------------------------------------------------------------------------------------------------------------------
\n" ); document.write( "
\n" );