Answer:
The amount would be $ 3993.67 (approx)
Step-by-step explanation:
Given,
The invested amount or principal amount, P = $ 2,900
The annual rate of interest, r = 8% = 0.08,
Since, the amount formula in compound continuously interest,
[tex]A=P e^{rt}[/tex]
Where,
t = number of years,
Hence, the account balance after 4 years,
[tex]A=2900 e^{0.08\times 4}=2900 e^{0.32}\approx \$3993.67[/tex]
