To calculate problems abound about compounding interest use the equation <span>A = P (1 + r/n)^<span>(nt), where A is the future price, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year and t for the total years. To solve, A = 100 (1 + 0.08/1)^(1 x 15) = 317.22.</span></span>
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Answer:answer is 28.00065 hope this helps
Step-by-step explanation: