Answer:
The compound interest is $ 21,033.4171.
Step-by-step explanation:
The compound interest is $ 21,033.4171.Given
$ 95,000 is invested for 4 years at 5 % compounded continuously.
Formula
A= Pe^rt
A is the final amount,
P is the initial amount,
r is the interest rate compounded continuously,
t is the time in years.
Therefore,
A = 95,000 × 2.7183 ^ 5 / 100 × 4 = 116,033.4171
So, the compound interest is 116,033.41716 − 95,000 = $ 21,033.4171.