Answer:
$3,644.24
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First change 4% to its decimal form:
4% -> -> 0.04
Next, plug in the values into the equation:
After 15 years, you will have $3,644.24