Answer:
Step-by-step explanation
:Amount (A) A= p(1 + r/100)n where A is the amount, p is the principal, r is the rate which is 8% and n is the time.
Therefore, A=p(1+8/100)15 raised to the power of 15.
A= 3000(100+8/100)15
= 300x (108/100)15
= 300x (1.08)15, = $9,516.507
