The general equation is: f(t)= [tex] pe^{rt} [/tex]
The given equation is: f(5)=288.9 when r = 0.05
Following the general equation, we know the following:
t=5, r = 0.05 and [tex] pe^{rt} [/tex] = 288.9
Substituting all unknowns, we can solve for p
[tex] pe^{0.05 * 5} [/tex]= 288.9
Solving for p,
p = 225
