Answer:
$9,763
Step-by-step explanation:
Using the compund interest formula;
A = P(1+r)^t
A is the amount = $10,200
rate r = 6.5%= 0.065
time t = years
n = 1/365 ((daily compounding)
Substitute into the formula and get Pincipal P
10,200 = P(1+0.065(365))^5/365
10200 = P(1+23.725)^0.01369
10200 = P(24.725)^0.01369
10200 = P(1.0448)
P = 10200/1.0448
P = 9,762.6
Hence the amount invested is $9,763 to nearest dollars
