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Savannah opened a savings account 9 years ago. The account earns 5% interest, compounded continuously. If the current balance is 600.00, how much did she deposit initially?

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解答

Savannahopenedasavingsaccount9yearsago.Theaccountearns5%interest,compoundedcontinuously.Ifthecurrentbalanceis600.00,howmuchdidshedepositinitially?

解答

Principal:382.58
求解步骤
Translate the problem into an equation:600=Pe0.05⋅9
求解 P,600=Pe0.05⋅9:P=382.58
Principal:382.58

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