Answer
$3716.43
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, $P=3500$, $r=.06$, and $t=1$. We can plug these values into the formula to find A.
$A=3500e^{.06\times1}=3500e^{.06}=3500\times1.0618=3716.43$ dollars
