Answer:
8133.38
Step-by-step explanation:
Given that :
Initial value, P = 8100
Growth rate = 0.35% every 4 decade = 0.35% /40 = 0.0000875 per year
Quantity after 47 years
Using the relation :
A = P*e^(rt)
Amount after t years
t = 47 years
A = 8100 * e^(0.0000875*47)
A = 8100 * e^0.0041125
A = 8100 * 1.0041209
A = 8133.3798
A = 8133.38 (nearest hundredth)
