example 2 if you deposit $1,000 at 4.3% inter...
example 2 if you deposit $1,000 at 4.3% interest, compounded continuously, what would your ending balance be to the nearest cent after five years? what is the principal? $5,000 $1,000 $43 $5
Answer
# Explanation:
## Step1: Identify the principal definition
The principal is the initial amount of money deposited or borrowed.
## Step2: Find the initial - deposit amount
In the example "If you deposit $1,000 at 4.3% interest, compounded continuously", the initial deposit is $1,000.
# Answer:
$1,000