Question 560067
{{{A=Pe^rt}}}
A is the amount after the compounding.
P = principal = 350
e = appox. 2.7183 (napier's number)
r = annual interest rate = 1.2% =.012
t = year = 10.
{{{A=350*e^(.012*10)= 394.62}}}
That's $395 rounded to the nearest whole number.
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