Exponential Function Solving - Growth (Continuous, Mis-matched Time Units) Scenario to Starting Value

Question

What is the value of the starting debt given this scenario?

A credit card starts with a certain amount of debt. It grows continuously at 7% interest per month. After 2 years the debt has grown to $4,829.

Accepted Answer

$$D_0 = 900$$

Answer

$$D_0 = 600$$

Answer

$$D_0 = 1200$$

Answer

$$D_0 = 1000$$

Practice: Exponential Function Solving - Growth (Continuous, Mis-matched Time Units) Scenario to Starting Value