Jacob invests a sum of money in a savings account with an interest rate of 9% compounded
continuously. After 6 years, the balance reaches $11,303.34. What was the amount of the initial
investment?

Question

04-07-2022
Mathematics

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Jacob invests a sum of money in a savings account with an interest rate of 9% compounded
continuously. After 6 years, the balance reaches $11,303.34. What was the amount of the initial
investment?

Sagot :

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