9514 1404 393
Answer:
$55,811.91
Step-by-step explanation:
The amount with interest is given by the formula ...
A = P(1 +r)^t
where r is the annual interest rate and t is the number of years.
A = $25000(1.055^15) ≈ $55,811.91
The amount due at the end of 15 years will be $55,811.91.
