Answer:
Let number of laps she walked be equal to L
L=$7
7L = $105 (equation)
OPTIONAL: If you want to find how may laps she walked, divide both sides by 7
L = 105/7 = 15
She walked 15 laps
Step-by-step explanation:
The multiplier for continuous compounding is e^(rt). You want
700,000 = P·e^(0.05·25) ≈ 3.490343P
Then
700,000/3.490343 = P
You should invest $200,553 initially.
