The values of a, b, and c are 300, 1.0125, and 15.
<h2>Compound interest</h2>
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Given
Where P is principal, r is the annual interest rate, n number of years, and t be the time.
Principal = $300
Rate = 18.75%
n = 15 years
<h3>To find </h3>
The expression.
<h3>How to replace the variables a, b, and c?</h3>
By the formula we have
Then the values of a,b, and c are 300, 1.0125, and 15.
More about the compound interest link is given below.
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