document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1042404>Question 1042404</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me with this problem:<BR>\n" );
document.write( "Richard invests $10,000.00 in a savings account which pays 8% compounded continuously. Consider the following formula.<BR>\n" );
document.write( "A = P(2.71)^r × t, where<BR>\n" );
document.write( "A is the ending account balance after t years<BR>\n" );
document.write( "P is the initial amount of money invested<BR>\n" );
document.write( "r is the interest rate, and<BR>\n" );
document.write( "t is the time in years<BR>\n" );
document.write( "How much money would he have in his savings account after 5 years?<BR>\n" );
document.write( "A) $10,001.49<BR>\n" );
document.write( "B) $12,830.46<BR>\n" );
document.write( "C) $14,900.05<BR>\n" );
document.write( "D) $1,583,011.24<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #657400 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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/cgi-bin/show-face.mpl?user=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=657400\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A more accurate formula would be <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%2Ae%5E%28rt%29 ALIGN=MIDDLE  ALT=\"A+=+P%2Ae%5E%28rt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, but since you approximated e with the value 2.71, the future value would be \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+10000%2A2.71%5E%280.08%2A5%29+=+14900.05 ALIGN=MIDDLE  ALT=\"A+=+10000%2A2.71%5E%280.08%2A5%29+=+14900.05\"   DISABLED_style= \"max-width:90%; height:auto;\" >,\r<BR>\n" );
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document.write( "and now you know the answer... </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );