An initial amount of money is placed in an account at an interest rate of 4% per year, compounded continuously. After two years, there is $1169.95 in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.

Given the system of equations presented here: 2x + 4y = 14 4x + y = 20 which of the following actions creates an equivalent system such that, when combined with the other equation, one of the variables is eliminated? multiply the second equation by â’4 to get â’16x â’ 4y = â’80 multiply the second equation by â’1 to get â’4x â’ y = â’20 multiply the first equation by 2 to get 4x + 8y = 28 multiply the first equation by â’1 to get â’2x â’ 4y = â’14