Answer
$3656.38
Work Step by Step
We are given the formula $A=Pe^{rt}$ (where A is the amount accrued, P is the principal amount, r is the interest rate, and t is the amount of time in years).
In this case, $P=1400$, $r=.08$, and $t=12$. We can plug these values into the formula to find A.
$A=1400e^{.08\times12}=1400e^{.96}=1400\times2.6117=3656.38$ dollars
