3 years ago

$15,000 at 15% compounded annually for 5 years

Mathematics

1 answer:

svlad2 [7]3 years ago

8 0

Answer:

p=$15000

R=15%

t=5years

compound amount CI=?

Step-by-step explanation:

we have

CI=p(1+R/100)^t=$15000(1+15/100)^5=$15000×1/15^5=$30170.35

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