The intital amount deposited was $18485.82.
<h3>How to find the compound interest?</h3>If n is the number of times the interested is compounded each year, and 'r' is the rate of compound interest annually, then the final amount after 't' years would be:
An account has $26,000 after 15 years. The account received 2.3 percent interest compounded continuously.
A = 26000
R = 0.02.3
Therefore, the intital amount deposited was $18485.82.
Learn more about compound interest here:
#SPJ1
