Answer: $1329.28
Step-by-step explanation:
Given : The principal amount : [tex]P=\$900[/tex]
Time period : [tex]t=13\text{ years}[/tex]
Rate of interest : [tex]r=0.03[/tex]
The formula to find the compound amount ( if compounded continuously ) is given by :-
[tex]A=Pe^{rt}[/tex]
i.e.[tex]A=(900)e^{0.03\times13}=900(1.47698079388)[/tex]
[tex]=1329.28271449\approx1329.28[/tex]
Hence, the compound amount after 13 years will be $1329.28.
