Answer
$17.81
Work Step by Step
The continuous compounding formula $A=Pe^{rt}$
Given: $P=500\\r=0.035\\t=1$
Plug in the data: $A_1=500e^{0.035(1)}\approx 17.81$
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 - Standardized Test Practice - Gridded Answer - Page 547: 12
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