Question: An amount borrowed at 29% interest per year compounded continuously has accumulated to R38 279,20 after four years. The initial amount borrowed was [1] R7

An amount borrowed at 29% interest per year compounded continuously has accumulated to R38 279,20

after four years. The initial amount borrowed was

[1] R7 160,73.

[2] R12 000,00.

[3] R12 005,53.

[4] R13 823,05.

[5] R17 721,85.

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