The money after 10 years is $ 13591.4091
Solution:
Given that,
If you have a bank account that is modeled by the following equation:
[tex]A = 5000e^{0.10t}[/tex]
To find: Money after 10 years
How much money would you have after 10 years
Substitute t = 10 in above given equation
[tex]A = 5000 \times e^{0.10 \times 10}\\\\A = 5000 \times e^{1}\\\\A = 5000 \times 2.71828\\\\A = 13591.4091[/tex]
Thus money after 10 years is $ 13591.4091
