Answer
\$$1525.50$
Work Step by Step
The formula $A=Pe^{rt}$ is used.
$P = 1200$
$r=0.08$
$t=3$
$A=1200e^{0.08(3)}\approx1525.50$.
Algebra: A Combined Approach (4th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321726391
ISBN 13:
978-0-32172-639-1
Chapter 12 - Section 12.7 - Common Logarithms, Natural Logarithms, and Change of Base - Practice - Page 887: 11
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