Answer:
$4048
Step-by-step explanation:
See attached for reference
Recall the formula for interest compounded continuously is given by
A = Pe^(rt)
Where,
A = final amount ( we are asked to find this)
P = principal amount = $3700
e = eulers number ≈2.71828
r = interest rate = 1.5% = 0.015
t = time in years = 6 years
substituting the given values into the equation
A = Pe^(rt)
A = 3700e^(0.015 x 6)
A = $4048.44
A = $4048 (nearest dollar)
