PLEASE HELPP!! An initial amount of money is placed in an account at an interest rate of 5% per year, compounded continuously. After five years, there is $3287.11 in the
account. Find the initial amount placed in the account. Round your answer to the nearest cent.

9514 1404 393

  $2560.00

Step-by-step explanation:

The account balance is given by the formula ...

  A = Pe^(rt) . . . . principal P invested at rate r for t years

Filling in your numbers, we have ...

  $3287.11 = Pe^(0.05·5)

  P = $3287.11e^(-0.25) = $2560.00

The initial amount was $2560.00.

what graph

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.