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Joe invests a sum of money in a savings account with a fixed annual interest...

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Joe invests a sum of money in a savings account with a fixed annual interest rate of 6 15 compounded continuously After 5 years the account has reached a balance of 7 500 What was the initial investment Round to the nearest hundreth O 7968 44 O 8102 72 O 6502 31

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Transcribed Image Text

Joe invests a sum of money in a savings account with a fixed annual interest rate of 6 15 compounded continuously After 5 years the account has reached a balance of 7 500 What was the initial investment Round to the nearest hundreth O 7968 44 O 8102 72 O 6502 31

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