Answer:
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Step-by-step explanation:
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Answer:
A(10) = $13,961.50
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.25/100
r = 0.0525 rate per year,
Then solve the equation for A
The formula is given as:
A = Pe^rt
P = 8259
r = 0.0525
t = 10 years.
Hence,
A = 8,259.00 × e^(0.0525×10)
A = $13,961.50
Therefore, the money that will be in the account after 10 years is $13,961.50
