How much money has to be invested at 5.1% interest compounded continuously to have 17,000 after 14 years ?

The money which is to be invested is 34715.7

Step-by-step explanation:

Given as :

The rate of interest compounded continuously = r = 5.1%

The amount = A = 17,000

The time period = t = 14 years

Let The principal money invested  = P

From compounded continuously method

Amount = Principal ×

Or, A =  P ×

So , 17,000 =  P ×

Or,  17,000 =  P ×

Or, 17,000 =  P ×

Or, 17,000 =  P × 2.0421

∴              P =

I.e             P = 34715.7   unit

Hence The money which is to be invested is 34715.7   Answer

$8324.59

Step-by-step explanation:

Give a <3 ?