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A bank account earns 5% continuously compounding annual interest. After the initial deposit, no deposits or withdrawals were made. After 10 years, the balance in the account was $ 15000. What was the dollar amount of the initial deposit? $15000 15000 15000 $. el0 $15000 e0.5

A bank account earns 5% continuously compounding annual interest. After the initial deposit, no deposits or withdrawals were made. After 10 years, the balance in the account was $ 15000. What was the dollar amount of the initial deposit? $15000 15000 15000 $. el0 $15000 e0.5

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 36PFA
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A bank account earns 5% continuously compounding annual interest. After the initial deposit, no deposits or withdrawals were made. After 10 years, the balance in the account was $ 15000. What was the dollar amount of the initial deposit? $15000 $4 15000 24 $ 15000 $15000 e0.5
Transcribed Image Text:A bank account earns 5% continuously compounding annual interest. After the initial deposit, no deposits or withdrawals were made. After 10 years, the balance in the account was $ 15000. What was the dollar amount of the initial deposit? $15000 $4 15000 24 $ 15000 $15000 e0.5
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