3 years ago

PLEASE HELPP!!

Mathematics

1 answer:

zhannawk [14.2K]3 years ago

4 0

9514 1404 393

Answer:

$2560.00

Step-by-step explanation:

The account balance is given by the formula ...

A = Pe^(rt) . . . . principal P invested at rate r for t years

Filling in your numbers, we have ...

$3287.11 = Pe^(0.05·5)

P = $3287.11e^(-0.25) = $2560.00

The initial amount was $2560.00.

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