How much money invested at 6.5 compounded continuously for 5 years will result in $820? i need this asap

The investment money is $598.505

Step-by-step explanation:

Given as :

The Amount after 5 years = A = $820

The rate of interest applied = r = 6.5 % compounded continuously

The time period for investment = t = 5 years

Let The investment money = $p

Now, From Compound Interest

Amount = Principal ×

Or, A = p ×

Or, $820 = p ×

Or, $820 = p ×

Or, $820 = p × 1.37008

∴ p =

i.e p = $598.505

So, The investment money = p = $598.505

Hence, The investment money is $598.505  Answer

18

step-by-step explanation:

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