document.write( "Question 970492: You deposit $500 in an account that pays 3.5% annual interest compounded continuously. To the nearest dollar, how much interest have you earned after 1 year? \n" ); document.write( "
Algebra.Com's Answer #593113 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! This is using e\r \n" ); document.write( "\n" ); document.write( "P=Po e^rt ;r=0.035; t=1\r \n" ); document.write( "\n" ); document.write( "P=$500* exp (.035)=500* (1.0356) \n" ); document.write( "P=$517.81 \n" ); document.write( " \n" ); document.write( " |