Question 1153465

If the interest is compounded continuously for {{{t}}} years at a rate of {{{r}}} per year, then the compounded amount is given by:

{{{A = P*e^(rt)}}}

given:
${{{P=4000}}}
{{{r=8}}}% ={{{0.08}}}
{{{t=10}}} years

{{{A = 4000*e^(0.08*10)}}}

{{{A = 4000*e^(0.8)}}}

{{{A = 4000*2.22554}}}

{{{A = 8902.16}}}


answer: $= {{{8902.16}}}