Algebra: A Combined Approach (4th Edition)

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 - Exercise Set: 48

Answer

$ 3716.43

Work Step by Step

Step 1: The formula used for this question is A=$Pe^{rt}$ Step 2: According to the data in the question, P= 3500, r=6%=0.06 and t=1 Step 3: Substituting these values in the formula, A is found to be 3716.43
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