Answer :
compounded contiously
[tex]A=Pe^{rt} [/tex]
A=future amount
P=present amount
r=rate in decimal
t=time in years
to find the interest, we do A-P
find A first
given
P=410
t=13
r=0.08
[tex]A=410e^{13*0.08} [/tex]
[tex]A=410e^{1.04} [/tex]
aprox
A=1159.97897
A-P=1159.97897-410=749.9789
the interest is $749.98
[tex]A=Pe^{rt} [/tex]
A=future amount
P=present amount
r=rate in decimal
t=time in years
to find the interest, we do A-P
find A first
given
P=410
t=13
r=0.08
[tex]A=410e^{13*0.08} [/tex]
[tex]A=410e^{1.04} [/tex]
aprox
A=1159.97897
A-P=1159.97897-410=749.9789
the interest is $749.98