Answer:[tex]A(t)=6750e^{0.0623t}[/tex]Explanation:
The amount invested, P₀ = $6750
Interest rate, r = 6.23%
r = 6.23/100
r = 0.0623
The amount for continuous compounding is exponential
[tex]A(t)=P_0e^{rt}[/tex]
Substitute P₀ = $6750, r = 0.0623 into the equation above
[tex]A(t)=6750e^{0.0623t}[/tex]
