Answer:
$584.41
Step-by-step explanation:
From this information, we can write the following equation:
[tex]P = 500(e)^{0.039t[/tex] where t is the number of years.
To find out the amount after 4 years, we can simply plug in 4 for t:
[tex]P = 500(e)^{0.039(4))\\[/tex]
≈ $584.41
