Answer:
$169.33
Step-by-step explanation:
Each of the friends spent ...
$14.95 +6.99 +2.25 = $24.19
The seven friends together spent ...
7($24.19) = $169.33
Total = Principal * (1+(rate/n))^n*years
Total = 1,200 * (1.015)^14
Total =
1,200 * <span><span><span>1.2317557307
</span>
</span>
</span>
<span>Total =
1,478.11</span>
Source:
http://www.1728.org/compint3.htm
