[tex]\bf \qquad \textit{Amount for Exponential Growth}\\\\
A=I(1 + r)^t\qquad
\begin{cases}
A=\textit{accumulated amount}\\
I=\textit{initial amount}\to &50000\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
t=\textit{elapsed time}\to &16\\
\end{cases}
\\\\\\
A=50000(1+0.04)^{16}\implies A=50000(1.04)^{16}[/tex]
