Answer:
$2,400
Explanation:
A = 2,400e^(0.056t) .......................... (1)
Equation (1) can be broken down as follows:
A = The value of the investment at year t.
2,400 = P = Initial investment
0.0056 = r = interest rate
t = period or year
From the above therefore, $2,400 was initially invested in the account.
