Respuesta :
The intital amount deposited was $18485.82.
How to find the compound interest?
If n is the number of times the interested is compounded each year, and 'r' is the rate of compound interest annually, then the final amount after 't' years would be:
[tex]a = p(1 + \dfrac{r}{n})^{nt}[/tex]
An account has $26,000 after 15 years. The account received 2.3 percent interest compounded continuously.
A = 26000
R = 0.02.3
[tex]a = p(1 + \dfrac{r}{n})^{nt}[/tex]
[tex]26000 = p(1 + \dfrac{2.3}{100})^{15}\\\\26000 = p \times 1.4064\\\\\P= 18485.82[/tex]
Therefore, the intital amount deposited was $18485.82.
Learn more about compound interest here:
https://brainly.com/question/1329401
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