document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088840>Question 1088840</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the compound interest if $500 is invested for 3 years at 10% compounded continuously? (round to the nearest cent)<BR>\n" );
document.write( "please show work. thank you </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #703226 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=703226\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula for this would be FV=Pe^rt, where FV is future value, P is the principal, r is the annual interest rate, and t is the time, in years. So:<BR>\n" );
document.write( "FV=500e^3(.1)<BR>\n" );
document.write( "FV=$674.929403788 is the expected amount after 3 years.<BR>\n" );
document.write( "&#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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