Answer: $7328.42
You could say "7328 dollars and 42 cents", but the shorter format is preferred in my opinion.
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Work Shown:
A = P*e^(r*t)
A = 6000*e^(0.04*5)
A = 7328.41654896153
A = 7328.42
The symbol 'e' is a special number in math similar to how pi = 3.14 is another important symbol. If your calculator doesn't have a button labeled 'e', then replace 'e' with 2.718 to use its approximation.
