document.write( "Question 269224: Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51,426.94. What was the original amount of his inheritance? \n" ); document.write( "
Algebra.Com's Answer #197370 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! I=pe^r*t \n" ); document.write( "51,426.94=p*2.7183^(.061*5) \n" ); document.write( "51,426.94=p*2.7183^.305 \n" ); document.write( "51,426.94=p*1.3566 \n" ); document.write( "p=51,426.94/1.3566 \n" ); document.write( "p=$37,908.70 was the original amount invested. \n" ); document.write( " |