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Paul deposits money into a savings account with an annual interest rate of 5% that is compounded continuously. After 8 years, the account balance reaches $6,425. How much was in…

Paul deposits money into a savings account with an annual interest rate of 5% that is compounded continuously. After 8 years, the account balance reaches $6,425. How much was in…
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3 votes
Paul deposits money

into a savings account
with an annual interest
rate of 5% that is
compounded
continuously. After 8
years, the account
balance reaches $6,425.
How much was initially
invested?

User Zoila
by
8.5k points

1 Answer

7 votes

Answer: money is not important

Explanation:

figure it out lazy

User Mandar Belkunde
by
8.4k points
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