Answer
$\approx3307.8$
Work Step by Step
The amount can be obtained by the formula (after $t$ years): $A=Pe^{rt}$ where $P$ is the principal, $r$ is the annual interest rate.
Hence here: $A=Pe^{rt}=2500e^{0.035\cdot8}\approx3307.8$
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 7 Exponential and Logarithmic Functions - Chapter Test - Page 543: 28
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