Question

on the day their child was born, her parents deposited $15,000 in a savings account that earns 10% interest annually. how much is in the account the day the child turns 16 years old (rounded to the nearest cent)?

Answer 1

15,000 * (1.1)^16

I don't have a calculator on me to do it but that's the working.

Answer 2

15 because theirs 15 characters in my name