document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202578>Question 1202578</A>: <I><SPAN STYLE=\"word-break: break-all;\"> David deposited $10,000 in an account that pays 5 percent interest compounded annually. how much money did he have in his account after the first 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 #837497 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=837497\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  Amount after 10 years ?\r<BR>\n" );
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document.write( "P=10000\r<BR>\n" );
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document.write( "r=5% = 0.05\r<BR>\n" );
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document.write( "n= 10\r<BR>\n" );
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document.write( "A = p*(1+r)^n\r<BR>\n" );
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document.write( "A = 10000*(1+0.05)^10<BR>\n" );
document.write( "= $16288.95\r<BR>\n" );
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