document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1198968>Question 1198968</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hannah places $7500 into an account earning 7% interest compounded continuously, how much will she have after 10 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #832902 by </B><A HREF=/tutors/aboutme.mpl?userid=htmentor><B>htmentor(1343)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=htmentor><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=htmentor><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=832902\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula for continuous compound interest is:<BR>\n" );
document.write( "P(t) = P0*exp(rt), where P0 is the initial principal, r is the interest rate,<BR>\n" );
document.write( "and t is the time.<BR>\n" );
document.write( "In this case, P0 = 7500, r = 0.07<BR>\n" );
document.write( "P(10) = 7500*exp(0.07*10) = $15103 </SPAN>\n" );
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