Answer:
$5228.16
Step-by-step explanation:
Given data
Principal= $4200
Rate= 7.3%
Time= 3 years
The continuous compounding formula is given as
A= Pe^rt,
where e is the mathematical constant approximated as 2.7183.
Substitute
A= 4200*2.7183^(0.073*3)
A= 4200*2.7183^(0.219)
A= 4200*1.2448
A= $5228.16
Hence the value is $5228.16
