document.write( "Question 940140: An initial amount of money is placed in an account at an interest rate of
\n" );
document.write( "4% per year, compounded continuously. After four years, there is $3191.95
\n" );
document.write( " in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.\r
\n" );
document.write( "\n" );
document.write( "thanks in advance. \n" );
document.write( "
Algebra.Com's Answer #572946 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A=Pe^(rt) \n" ); document.write( "3191.95=P(2.7183)^(0.04*4) \n" ); document.write( "3191.95=P(2.7183)^0.16 \n" ); document.write( "3191.95/1.173512126=P \n" ); document.write( "P=2720.00 \n" ); document.write( " |